Red Lion Hotels (NYSE:RLH) Cut to “Hold” at Zacks Investment Research

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Zacks Investment Research cut shares of Red Lion Hotels (NYSE:RLH) from a buy rating to a hold rating in a research report report published on Thursday morning, Zacks.com reports.

According to Zacks, “Red Lion Hotels Corporation, established in 1959, is an international hospitality company primarily engaged in the franchising, management and ownership of upscale, midscale and economy hotels under the Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, GuestHouse, Settle Inn, Vantage Hotels, Americas Best Value Inn, Canadas Best Value Inn, Lexington by Vantage, America’s Best Inns & Suites, Country Hearth Inns, Jameson Inn, Signature Inn and 3 Palms Hotels & Resorts brands. The company also owns and operates an entertainment and event ticket distribution business under the brand name TicketsWest. “

Separately, TheStreet downgraded shares of Red Lion Hotels from a c rating to a d+ rating in a report on Wednesday, April 3rd.

Shares of RLH stock opened at $7.17 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.45. The firm has a market cap of $177.24 million, a P/E ratio of -15.93 and a beta of 0.79. The business’s 50 day moving average is $7.29. Red Lion Hotels has a 52 week low of $6.62 and a 52 week high of $14.75.

Red Lion Hotels (NYSE:RLH) last announced its earnings results on Wednesday, May 8th. The company reported ($0.17) EPS for the quarter, hitting the consensus estimate of ($0.17). The firm had revenue of $25.98 million for the quarter, compared to the consensus estimate of $25.53 million. Red Lion Hotels had a negative net margin of 3.68% and a negative return on equity of 8.65%. On average, sell-side analysts forecast that Red Lion Hotels will post 0.01 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in RLH. BNP Paribas Arbitrage SA raised its holdings in Red Lion Hotels by 508.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,346 shares of the company’s stock worth $27,000 after buying an additional 2,796 shares during the period. Creative Planning acquired a new stake in shares of Red Lion Hotels in the first quarter valued at approximately $113,000. Cpwm LLC raised its holdings in shares of 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 purchasing an additional 2,073 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Red Lion Hotels by 44.7% in the fourth quarter. Rhumbline Advisers now owns 22,243 shares of the company’s stock valued at $182,000 after purchasing an additional 6,875 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Red Lion Hotels by 439.5% in the fourth quarter. Barclays PLC now owns 36,439 shares of the company’s stock valued at $299,000 after purchasing an additional 29,685 shares during the last quarter. Hedge funds and other institutional investors own 74.39% of the company’s stock.

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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