Red Lion Hotels Co. (NYSE:RLH) Director Robert G. Wolfe acquired 7,970 shares of the stock in a transaction dated Tuesday, May 16th. The shares were bought at an average cost of $6.72 per share, with a total value of $53,558.40. Following the completion of the transaction, the director now owns 46,926 shares of the company’s stock, valued at approximately $315,342.72. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Red Lion Hotels Co. (NYSE:RLH) traded up 0.79% during trading on Friday, reaching $6.40. The company had a trading volume of 34,909 shares. The company’s market capitalization is $150.66 million. The firm has a 50-day moving average price of $6.67 and a 200-day moving average price of $7.75. Red Lion Hotels Co. has a 52-week low of $6.23 and a 52-week high of $9.40.
Red Lion Hotels (NYSE:RLH) last posted its quarterly earnings data on Monday, May 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.08. Red Lion Hotels had a negative return on equity of 2.87% and a negative net margin of 5.55%. The company had revenue of $39.96 million for the quarter, compared to the consensus estimate of $42.23 million. On average, analysts predict that Red Lion Hotels Co. will post ($0.20) EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of RLH. Argentus Capital Management LLC acquired a new stake in Red Lion Hotels during the third quarter valued at about $322,000. Punch & Associates Investment Management Inc. increased its stake in Red Lion Hotels by 5.3% in the third quarter. Punch & Associates Investment Management Inc. now owns 372,600 shares of the company’s stock valued at $3,107,000 after buying an additional 18,700 shares in the last quarter. First Washington CORP increased its stake in Red Lion Hotels by 28.5% in the third quarter. First Washington CORP now owns 689,995 shares of the company’s stock valued at $5,755,000 after buying an additional 153,095 shares in the last quarter. Benchmark Capital Advisors increased its stake in Red Lion Hotels by 5.6% in the third quarter. Benchmark Capital Advisors now owns 245,350 shares of the company’s stock valued at $2,046,000 after buying an additional 13,026 shares in the last quarter. Finally, State Street Corp increased its stake in Red Lion Hotels by 25.6% in the fourth quarter. State Street Corp now owns 178,998 shares of the company’s stock valued at $1,495,000 after buying an additional 36,471 shares in the last quarter. Institutional investors own 57.89% of the company’s stock.
A number of equities analysts recently issued reports on the company. Zacks Investment Research downgraded Red Lion Hotels from a “hold” rating to a “sell” rating in a report on Saturday, March 4th. B. Riley reaffirmed a “buy” rating and issued a $12.00 price target on shares of Red Lion Hotels in a report on Monday, March 6th. Finally, TheStreet downgraded Red Lion Hotels from a “c” rating to a “d+” rating in a report on Tuesday, March 7th.
About Red Lion Hotels
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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