Raffles Associates LP Acquires 36,938 Shares of Red Lion Hotels Corporation (RLH)

Raffles Associates LP increased its holdings in shares of Red Lion Hotels Corporation (NYSE:RLH) by 6.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 644,555 shares of the company’s stock after purchasing an additional 36,938 shares during the period. Red Lion Hotels Corporation makes up approximately 4.4% of Raffles Associates LP’s holdings, making the stock its 7th largest position. Raffles Associates LP owned 2.73% of Red Lion Hotels Corporation worth $4,737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of RLH. Citigroup Inc. lifted its position in shares of Red Lion Hotels Corporation by 8,341.0% during the 2nd quarter. Citigroup Inc. now owns 15,025 shares of the company’s stock worth $110,000 after purchasing an additional 14,847 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Red Lion Hotels Corporation by 52.4% during the 2nd quarter. Rhumbline Advisers now owns 16,806 shares of the company’s stock worth $124,000 after purchasing an additional 5,780 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Red Lion Hotels Corporation by 7.0% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 19,900 shares of the company’s stock worth $146,000 after purchasing an additional 1,300 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Red Lion Hotels Corporation by 11.2% during the 2nd quarter. Teachers Advisors LLC now owns 29,381 shares of the company’s stock worth $216,000 after purchasing an additional 2,963 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its position in shares of Red Lion Hotels Corporation by 240.2% during the 2nd quarter. Nationwide Fund Advisors now owns 31,078 shares of the company’s stock worth $228,000 after purchasing an additional 21,943 shares during the last quarter. 63.28% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on RLH shares. Zacks Investment Research cut Red Lion Hotels Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. B. Riley set a $13.00 price target on Red Lion Hotels Corporation and gave the company a “buy” rating in a research note on Thursday, August 17th. ValuEngine upgraded Red Lion Hotels Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, TheStreet upgraded Red Lion Hotels Corporation from a “d+” rating to a “c” rating in a research note on Friday, August 4th.

Red Lion Hotels Corporation (NYSE:RLH) last announced its earnings results on Thursday, August 3rd. The company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. Red Lion Hotels Corporation had a negative net margin of 2.12% and a negative return on equity of 2.20%. The company had revenue of $48.53 million for the quarter, compared to analysts’ expectations of $49.94 million.

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About Red Lion Hotels Corporation

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.

Institutional Ownership by Quarter for Red Lion Hotels Corporation (NYSE:RLH)

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