Shares of Red Lion Hotels Co. (NYSE:RLH) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12-month consensus target price of $12.50 for the company and are anticipating that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned Red Lion Hotels an industry rank of 65 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research cut Red Lion Hotels from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th.
Institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its stake in Red Lion Hotels by 508.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,346 shares of the company’s stock valued at $27,000 after acquiring an additional 2,796 shares during the period. Creative Planning acquired a new stake in Red Lion Hotels in the first quarter valued at approximately $113,000. Cpwm LLC grew its stake in Red Lion Hotels by 15.0% in the first quarter. Cpwm LLC now owns 15,888 shares of the company’s stock valued at $128,000 after acquiring an additional 2,073 shares during the period. Millennium Management LLC acquired a new stake in Red Lion Hotels in the fourth quarter valued at approximately $319,000. Finally, Two Sigma Investments LP grew its stake in Red Lion Hotels by 38.0% in the fourth quarter. Two Sigma Investments LP now owns 49,021 shares of the company’s stock valued at $402,000 after acquiring an additional 13,497 shares during the period. 74.13% of the stock is owned by hedge funds and other institutional investors.
NYSE RLH traded down $0.03 during trading hours on Monday, hitting $6.51. 3,075 shares of the company’s stock were exchanged, compared to its average volume of 114,223. The firm has a 50-day moving average of $6.99. Red Lion Hotels has a 1-year low of $6.25 and a 1-year high of $14.75. The stock has a market cap of $161.68 million, a price-to-earnings ratio of -14.49 and a beta of 0.79. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.45.
Red Lion Hotels (NYSE:RLH) last released its earnings results on Wednesday, May 8th. The company reported ($0.17) EPS for the quarter, hitting the consensus estimate of ($0.17). Red Lion Hotels had a negative return on equity of 8.65% and a negative net margin of 3.68%. The business had revenue of $25.98 million during the quarter, compared to analysts’ expectations of $25.53 million. As a group, equities research analysts forecast that Red Lion Hotels will post 0.01 EPS for the current year.
About Red Lion Hotels
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, Knights Inn, and Country Hearth Inns & Suites brands.
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