Zacks Investment Research upgraded shares of Red Lion Hotels Corp. (NYSE:RLH) from a hold rating to a buy rating in a research report released on Friday. Zacks Investment Research currently has $9.50 price objective on the stock.
According to Zacks, “WestCoast Hospitality Corporation serves the western United States with thousands of hotel rooms in different hotels. WestCoast provides entertainment services through TicketsWest.com, which encompasses a computerized ticket company with operations in Washington, Oregon, Idaho, Montana and Colorado, and WestCoast Entertainment, a Broadway and special event presenting company. TicketsWest.com services are available through its website, at www.TicketsWest.com, stand-alone outlets and a 24-hour toll free call center. (PRESS RELEASE) “
Separately, B. Riley restated a buy rating and issued a $12.50 price target on shares of Red Lion Hotels Corp. in a report on Tuesday, October 4th.
Shares of Red Lion Hotels Corp. (NYSE:RLH) opened at 8.51 on Friday. Red Lion Hotels Corp. has a 1-year low of $5.45 and a 1-year high of $8.80. The firm’s 50-day moving average is $7.57 and its 200-day moving average is $7.62. The company’s market capitalization is $172.15 million.
Hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. acquired a new stake in Red Lion Hotels Corp. during the second quarter worth $162,000. Teachers Advisors Inc. acquired a new stake in Red Lion Hotels Corp. during the second quarter worth $170,000. California State Teachers Retirement System acquired a new stake in Red Lion Hotels Corp. during the second quarter worth $216,000. Mesirow Financial Investment Management Equity Management raised its stake in Red Lion Hotels Corp. by 12.7% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 37,836 shares of the company’s stock worth $275,000 after buying an additional 4,253 shares during the period. Finally, Mesirow Financial Investment Management US Value Equity acquired a new stake in Red Lion Hotels Corp. during the first quarter worth $283,000. 64.53% of the stock is owned by institutional investors.
Red Lion Hotels Corp. Company Profile
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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