Red Lion Hotels (NYSE:RLH) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Red Lion Hotels (NYSE:RLH) from a hold rating to a sell rating in a research note released on Saturday morning, Zacks.com reports.

According to Zacks, “Red Lion Hotels Corporation, established in 1959, is an international hospitality company primarily engaged in the franchising, management and ownership of upscale, midscale and economy hotels under the Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, GuestHouse, Settle Inn, Vantage Hotels, Americas Best Value Inn, Canadas Best Value Inn, Lexington by Vantage, America’s Best Inns & Suites, Country Hearth Inns, Jameson Inn, Signature Inn and 3 Palms Hotels & Resorts brands. The company also owns and operates an entertainment and event ticket distribution business under the brand name TicketsWest. “

NYSE:RLH opened at $5.81 on Friday. The business has a fifty day simple moving average of $6.76. The stock has a market capitalization of $150.45 million, a PE ratio of -12.91 and a beta of 0.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.06 and a quick ratio of 1.06. Red Lion Hotels has a 1 year low of $5.72 and a 1 year high of $14.75.

A number of large investors have recently added to or reduced their stakes in RLH. BNP Paribas Arbitrage SA raised its position in Red Lion Hotels by 508.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,346 shares of the company’s stock worth $27,000 after acquiring an additional 2,796 shares in the last quarter. Creative Planning purchased a new position in Red Lion Hotels in the first quarter worth $113,000. Cpwm LLC raised its position in Red Lion Hotels by 15.0% in the first quarter. Cpwm LLC now owns 15,888 shares of the company’s stock worth $128,000 after acquiring an additional 2,073 shares in the last quarter. Millennium Management LLC purchased a new position in Red Lion Hotels in the fourth quarter worth $319,000. Finally, Charles Schwab Investment Management Inc. raised its position in Red Lion Hotels by 39.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 56,311 shares of the company’s stock worth $401,000 after acquiring an additional 16,066 shares in the last quarter. Hedge funds and other institutional investors own 74.00% of the company’s stock.

Red Lion Hotels Company Profile

Red Lion Hotels Corporation, doing business as RLH Corporation, operates as a hospitality and leisure company the United States. It operates in two segments, Company Operated Hotels and Franchised Hotels. The company owns, manages, and franchises upscale, midscale, and economy hotels under the Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, GuestHouse, Settle Inn, Americas Best Value Inn, Canadas Best Value Inn, Signature and Signature Inn, Knights Inn, and Country Hearth Inns & Suites brands.

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