Royce & Associates LP lessened its stake in shares of Red Lion Hotels Co. (NYSE:RLH) by 1.0% during the third quarter, HoldingsChannel reports. The firm owned 761,100 shares of the company’s stock after selling 7,300 shares during the period. Royce & Associates LP’s holdings in Red Lion Hotels were worth $9,514,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Red Lion Hotels by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,041,891 shares of the company’s stock worth $25,524,000 after purchasing an additional 30,204 shares in the last quarter. BlackRock Inc. boosted its position in shares of Red Lion Hotels by 0.7% during the 3rd quarter. BlackRock Inc. now owns 1,312,795 shares of the company’s stock worth $16,409,000 after purchasing an additional 9,332 shares in the last quarter. Portolan Capital Management LLC lifted its position in Red Lion Hotels by 70.6% in the 2nd quarter. Portolan Capital Management LLC now owns 1,020,676 shares of the company’s stock valued at $11,891,000 after acquiring an additional 422,468 shares in the last quarter. Renaissance Technologies LLC lifted its position in Red Lion Hotels by 8.7% in the 2nd quarter. Renaissance Technologies LLC now owns 655,700 shares of the company’s stock valued at $7,639,000 after acquiring an additional 52,700 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA lifted its position in Red Lion Hotels by 22.3% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 613,428 shares of the company’s stock valued at $7,146,000 after acquiring an additional 111,899 shares in the last quarter. 77.37% of the stock is currently owned by institutional investors.
Shares of NYSE RLH opened at $8.22 on Friday. Red Lion Hotels Co. has a fifty-two week low of $7.80 and a fifty-two week high of $14.75. The company has a current ratio of 1.89, a quick ratio of 1.88 and a debt-to-equity ratio of 0.18.
Red Lion Hotels (NYSE:RLH) last announced its quarterly earnings results on Monday, November 5th. The company reported ($0.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.49). Red Lion Hotels had a net margin of 7.32% and a negative return on equity of 7.37%. The business had revenue of $36.00 million during the quarter, compared to the consensus estimate of $36.58 million. On average, equities research analysts anticipate that Red Lion Hotels Co. will post -0.43 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on RLH shares. TheStreet raised shares of Red Lion Hotels from a “c” rating to a “b-” rating in a research report on Wednesday, August 15th. ValuEngine cut shares of Red Lion Hotels from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 6th. Finally, Zacks Investment Research cut shares of Red Lion Hotels from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th.
In other Red Lion Hotels news, Director Pacific Opportunity F. Columbia sold 126,822 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $13.06, for a total value of $1,656,295.32. Following the completion of the sale, the director now owns 703,068 shares in the company, valued at approximately $9,182,068.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Pacific Opportunity F. Columbia sold 50,858 shares of the stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $12.36, for a total transaction of $628,604.88. Following the completion of the sale, the director now owns 500,000 shares of the company’s stock, valued at approximately $6,180,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 234,680 shares of company stock worth $3,027,040. 19.70% of the stock is owned by insiders.
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Red Lion Hotels Company Profile
Red Lion Hotels Corporation, doing business as RLH Corporation, operates as a hospitality and leisure company the United States. It operates in two segments, Company Operated Hotels and Franchised Hotels. The company owns, manages, and franchises upscale, midscale, and economy hotels under the Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, GuestHouse, Settle Inn, Americas Best Value Inn, Canadas Best Value Inn, Signature and Signature Inn, and Country Hearth Inns & Suites brands; America's Best Inn & Suites, Jameson Inns, Lexington Hotels & Inns, and 3 Palm Hotels brands; and Value Inn Worldwide and Value Hotel Worldwide brands.
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