Red Lion Hotels Corp. (RLH) Trading 13.2% Higher
Red Lion Hotels Corp. (NYSE:RLH) shares traded up 13.2% on Wednesday . The stock traded as high as $8.06 and last traded at $7.88, with a volume of 148,656 shares. The stock had previously closed at $6.96.
Several research analysts have recently weighed in on the company. B. Riley restated a “buy” rating and set a $11.00 target price on shares of Red Lion Hotels Corp. in a report on Monday, July 11th. Zacks Investment Research upgraded Red Lion Hotels Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.
The company’s market cap is $160.42 million. The firm has a 50-day moving average of $6.95 and a 200 day moving average of $7.55.
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A number of large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. bought a new position in shares of Red Lion Hotels Corp. during the second quarter valued at $162,000. Teachers Advisors Inc. bought a new position in shares of Red Lion Hotels Corp. during the second quarter valued at $170,000. Goldman Sachs Group Inc. raised its position in shares of Red Lion Hotels Corp. by 107.3% in the first quarter. Goldman Sachs Group Inc. now owns 28,461 shares of the company’s stock valued at $240,000 after buying an additional 14,733 shares in the last quarter. California State Teachers Retirement System bought a new position in shares of Red Lion Hotels Corp. during the second quarter valued at $216,000. Finally, Mesirow Financial Investment Management US Value Equity bought a new position in shares of Red Lion Hotels Corp. during the first quarter valued at $283,000. 64.53% of the stock is currently owned by hedge funds and other 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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