Red Lion Hotels Co. (NYSE:RLH) was the recipient of a significant growth in short interest during the month of November. As of November 29th, there was short interest totalling 1,530,000 shares, a growth of 16.8% from the November 14th total of 1,310,000 shares. Currently, 7.2% of the company’s stock are sold short. Based on an average daily volume of 250,100 shares, the short-interest ratio is presently 6.1 days.

RLH has been the subject of several recent research reports. Zacks Investment Research cut Red Lion Hotels from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 14th. ValuEngine cut Red Lion Hotels from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Craig Hallum cut Red Lion Hotels from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, B. Riley cut Red Lion Hotels from a “buy” rating to a “neutral” rating and cut their price objective for the company from $11.00 to $3.75 in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $6.25.

Shares of RLH traded down $0.06 during mid-day trading on Friday, reaching $3.47. The company’s stock had a trading volume of 172,935 shares, compared to its average volume of 356,097. Red Lion Hotels has a 1-year low of $2.52 and a 1-year high of $10.21. The business has a 50-day simple moving average of $4.20 and a two-hundred day simple moving average of $5.94. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.19 and a current ratio of 1.19.

Red Lion Hotels (NYSE:RLH) last released its quarterly earnings data on Friday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.07. Red Lion Hotels had a negative return on equity of 4.25% and a negative net margin of 15.23%. The company had revenue of $32.86 million during the quarter, compared to analysts’ expectations of $34.50 million. On average, equities research analysts expect that Red Lion Hotels will post -0.4 earnings per share for the current year.

In related news, major shareholder Coliseum Capital Management, L purchased 537,000 shares of Red Lion Hotels stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $2.63 per share, with a total value of $1,412,310.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 19.70% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cadence Capital Management LLC bought a new position in shares of Red Lion Hotels during the third quarter worth approximately $80,000. Engine Capital Management LP bought a new position in shares of Red Lion Hotels in the 3rd quarter valued at $90,000. Millennium Management LLC bought a new position in shares of Red Lion Hotels in the 3rd quarter valued at $110,000. Creative Planning increased its stake in shares of Red Lion Hotels by 21.4% in the 2nd quarter. Creative Planning now owns 17,000 shares of the company’s stock valued at $121,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Cpwm LLC increased its stake in shares of Red Lion Hotels by 13.2% in the 2nd quarter. Cpwm LLC now owns 17,988 shares of the company’s stock valued at $128,000 after purchasing an additional 2,100 shares during the last quarter. 76.55% of the stock is owned by institutional investors.

About Red Lion Hotels

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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