Red Lion Hotels Co. (NYSE:RLH) – Equities researchers at B. Riley increased their Q4 2018 earnings per share (EPS) estimates for Red Lion Hotels in a research note issued to investors on Monday. B. Riley analyst E. Wold now forecasts that the company will earn ($0.05) per share for the quarter, up from their previous forecast of ($0.10). B. Riley has a “Buy” rating and a $13.75 price target on the stock. B. Riley also issued estimates for Red Lion Hotels’ Q1 2019 earnings at ($0.15) EPS and Q4 2019 earnings at $0.00 EPS.
Separately, Zacks Investment Research lowered Red Lion Hotels from a “hold” rating to a “sell” rating in a report on Thursday, January 4th.
Shares of Red Lion Hotels (RLH) traded down $0.05 on Wednesday, hitting $9.95. The company had a trading volume of 6,419 shares, compared to its average volume of 109,128. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. Red Lion Hotels has a one year low of $6.15 and a one year high of $11.70. The company has a market capitalization of $237.44, a price-to-earnings ratio of -55.27 and a beta of 0.91.
Institutional investors and hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors grew its holdings in shares of Red Lion Hotels by 71.3% in the third quarter. Nationwide Fund Advisors now owns 53,223 shares of the company’s stock worth $460,000 after acquiring an additional 22,145 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Red Lion Hotels during the third quarter valued at about $1,306,000. Vanguard Group Inc. grew its holdings in Red Lion Hotels by 2.3% during the second quarter. Vanguard Group Inc. now owns 548,140 shares of the company’s stock valued at $4,029,000 after purchasing an additional 12,461 shares during the period. Alambic Investment Management L.P. bought a new stake in Red Lion Hotels during the fourth quarter valued at about $222,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in Red Lion Hotels during the fourth quarter valued at about $447,000. 67.68% of the stock is owned by institutional investors.
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About Red Lion Hotels
Red Lion Hotels Corporation (RLHC) is a hospitality and leisure company. The Company is engaged in the franchising, management and ownership of hotels under the brands, including Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse and Settle Inn & Suites (collectively the RLHC Brands). The RLHC brands represent upscale, midscale and economy hotels.
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