Somewhat Favorable News Coverage Somewhat Likely to Affect Red Lion Hotels (RLH) Stock Price

News stories about Red Lion Hotels (NYSE:RLH) have been trending somewhat positive recently, according to Alpha One Sentiment. Alpha One, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Red Lion Hotels earned a media sentiment score of 0.12 on Alpha One’s scale. Alpha One also assigned news stories about the company an impact score of 63 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have effected Alpha One Sentiment Analysis’s analysis:

Red Lion Hotels (NYSE:RLH) traded up 0.79% on Friday, reaching $6.40. 34,909 shares of the company’s stock traded hands. Red Lion Hotels has a 12 month low of $6.23 and a 12 month high of $9.40. The firm’s 50-day moving average is $6.67 and its 200 day moving average is $7.75. The firm’s market cap is $150.66 million.

Red Lion Hotels (NYSE:RLH) last issued its earnings results on Monday, May 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.08. The business had revenue of $39.96 million during the quarter, compared to analyst estimates of $42.23 million. Red Lion Hotels had a negative return on equity of 2.87% and a negative net margin of 5.55%. Equities analysts predict that Red Lion Hotels will post ($0.20) EPS for the current year.

A number of brokerages recently issued reports on RLH. B. Riley reiterated a “buy” rating and issued a $12.50 price objective on shares of Red Lion Hotels in a report on Friday, May 12th. Zacks Investment Research lowered shares of Red Lion Hotels from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Finally, TheStreet lowered shares of Red Lion Hotels from a “c” rating to a “d+” rating in a report on Tuesday, March 7th.

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In other news, Director Robert G. Wolfe bought 7,970 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average price of $6.72 per share, with a total value of $53,558.40. Following the completion of the purchase, the director now directly owns 46,926 shares in the company, valued at $315,342.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.60% of the stock is owned by corporate insiders.

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.

5 Day Chart for NYSE:RLH

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