Red Lion Hotels Co. (NYSE:RLH) Short Interest Update

Red Lion Hotels Co. (NYSE:RLH) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,690,000 shares, a growth of 8.3% from the January 15th total of 1,560,000 shares. Currently, 7.2% of the company’s stock are sold short. Based on an average daily volume of 292,200 shares, the short-interest ratio is presently 5.8 days.

In related news, major shareholder Coliseum Capital Management, L purchased 131,000 shares of Red Lion Hotels stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $3.01 per share, with a total value of $394,310.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.39% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in RLH. Alta Fundamental Advisers LLC raised its stake in Red Lion Hotels by 1,861.9% in the fourth quarter. Alta Fundamental Advisers LLC now owns 1,226,313 shares of the company’s stock valued at $4,574,000 after buying an additional 1,163,806 shares during the period. Coliseum Capital Management LLC raised its stake in Red Lion Hotels by 18.2% in the fourth quarter. Coliseum Capital Management LLC now owns 4,331,871 shares of the company’s stock valued at $16,158,000 after buying an additional 668,000 shares during the period. BlackRock Inc. raised its stake in Red Lion Hotels by 28.7% in the second quarter. BlackRock Inc. now owns 1,675,687 shares of the company’s stock valued at $11,914,000 after buying an additional 373,398 shares during the period. Boston Partners raised its stake in Red Lion Hotels by 42.4% in the third quarter. Boston Partners now owns 284,063 shares of the company’s stock valued at $1,841,000 after buying an additional 84,584 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Red Lion Hotels by 380.8% during the fourth quarter. Bank of America Corp DE now owns 93,875 shares of the company’s stock worth $350,000 after purchasing an additional 74,350 shares during the period. Hedge funds and other institutional investors own 76.40% of the company’s stock.

NYSE:RLH traded up $0.02 on Friday, hitting $2.80. The company’s stock had a trading volume of 129,900 shares, compared to its average volume of 132,481. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average of $3.21 and a two-hundred day moving average of $4.70. The firm has a market capitalization of $69.91 million, a P/E ratio of -3.89 and a beta of 0.80. Red Lion Hotels has a one year low of $2.52 and a one year high of $8.69.

Several research analysts recently commented on RLH shares. Craig Hallum cut Red Lion Hotels from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. B. Riley cut Red Lion Hotels from a “buy” rating to a “neutral” rating and reduced their price target for the company from $11.00 to $3.75 in a research report on Monday, November 11th. Zacks Investment Research raised Red Lion Hotels from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, ValuEngine raised Red Lion Hotels from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.25.

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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