Red Lion Hotels Corporation (RLH) Stake Cut by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC cut its position in shares of Red Lion Hotels Corporation (NYSE:RLH) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 178,583 shares of the company’s stock after selling 8,479 shares during the period. Woodmont Investment Counsel LLC owned 0.76% of Red Lion Hotels Corporation worth $1,259,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. First Washington CORP increased its stake in shares of Red Lion Hotels Corporation by 7.1% in the first quarter. First Washington CORP now owns 606,960 shares of the company’s stock valued at $4,279,000 after buying an additional 40,425 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Red Lion Hotels Corporation by 8.3% in the first quarter. Bank of New York Mellon Corp now owns 58,851 shares of the company’s stock valued at $415,000 after buying an additional 4,532 shares during the last quarter. ARS Investment Partners LLC acquired a new stake in shares of Red Lion Hotels Corporation during the fourth quarter valued at $5,415,000. Worth Venture Partners LLC acquired a new stake in shares of Red Lion Hotels Corporation during the fourth quarter valued at $1,211,000. Finally, Wexford Capital LP acquired a new stake in shares of Red Lion Hotels Corporation during the fourth quarter valued at $209,000. Institutional investors and hedge funds own 63.19% of the company’s stock.

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

Red Lion Hotels Corporation (NYSE RLH) traded up 0.81% during midday trading on Tuesday, hitting $6.25. The stock had a trading volume of 16,618 shares. The company’s 50 day moving average is $6.50 and its 200 day moving average is $7.37. Red Lion Hotels Corporation has a 1-year low of $6.15 and a 1-year high of $9.40. The company’s market cap is $147.13 million.

Red Lion Hotels Corporation (NYSE:RLH) last announced its quarterly earnings data on Monday, May 8th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.08. Red Lion Hotels Corporation had a negative net margin of 2.03% and a negative return on equity of 1.91%. The firm had revenue of $39.96 million for the quarter, compared to analyst estimates of $42.23 million. On average, equities analysts anticipate that Red Lion Hotels Corporation will post ($0.20) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.thestockobserver.com/2017/06/20/woodmont-investment-counsel-llc-reduces-position-in-red-lion-hotels-co-rlh-updated-updated.html.

A number of research analysts have recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $12.00 price target on shares of Red Lion Hotels Corporation in a report on Sunday, May 7th. Zacks Investment Research cut Red Lion Hotels Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, March 4th. Finally, TheStreet cut Red Lion Hotels Corporation from a “c” rating to a “d+” rating in a research report on Tuesday, March 7th.

In other Red Lion Hotels Corporation news, Director Robert G. Wolfe bought 7,970 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was bought at an average cost of $6.72 per share, with a total value of $53,558.40. Following the completion of the transaction, the director now directly owns 46,926 shares in the company, valued at approximately $315,342.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 14.70% of the company’s stock.

Red Lion Hotels Corporation 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.

Receive News & Ratings for Red Lion Hotels Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Lion Hotels Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply