Red Lion Hotels Co. (NYSE:RLH) – Stock analysts at B. Riley lifted their Q4 2018 earnings per share (EPS) estimates for shares of Red Lion Hotels in a research report issued to clients and investors on Monday, March 12th, Zacks Investment Research reports. B. Riley analyst E. Wold now expects that the company will post earnings of ($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 objective 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.
Several other research firms have also commented on RLH. Zacks Investment Research lowered shares of Red Lion Hotels from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine upgraded shares of Red Lion Hotels from a “hold” rating to a “buy” rating in a report on Monday, April 2nd.
Shares of NYSE:RLH traded down $0.20 during trading hours on Wednesday, hitting $10.15. The company’s stock had a trading volume of 72,850 shares, compared to its average volume of 60,643. Red Lion Hotels has a 52 week low of $6.15 and a 52 week high of $11.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.35 and a current ratio of 1.36.
Red Lion Hotels (NYSE:RLH) last announced its quarterly earnings data on Wednesday, March 28th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01). Red Lion Hotels had a net margin of 0.33% and a negative return on equity of 0.02%. The company had revenue of $38.49 million for the quarter, compared to the consensus estimate of $39.10 million.
Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Red Lion Hotels by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,821,712 shares of the company’s stock valued at $15,758,000 after purchasing an additional 31,062 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Red Lion Hotels by 1.2% in the 4th quarter. BlackRock Inc. now owns 1,290,678 shares of the company’s stock valued at $12,713,000 after purchasing an additional 15,297 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Red Lion Hotels by 2.3% in the 2nd 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 in the last quarter. Royce & Associates LP raised its holdings in shares of Red Lion Hotels by 15.2% in the 4th quarter. Royce & Associates LP now owns 440,600 shares of the company’s stock valued at $4,340,000 after purchasing an additional 58,000 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Red Lion Hotels by 37.3% in the 4th quarter. Renaissance Technologies LLC now owns 425,900 shares of the company’s stock valued at $4,195,000 after purchasing an additional 115,600 shares in the last quarter. Institutional investors and hedge funds own 67.68% of the company’s stock.
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Red Lion Hotels Company Profile
Red Lion Hotels Corporation, a hospitality and leisure company, owns, manages, and franchises hotels under its Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse, and Settle Inn & Suites brands primarily in the United States. The company operates through three segments: Franchised Hotels, Company Operated Hotels, and Entertainment.
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