It is currently trading at $7.65 which is marginally over the 50 day moving average of $7.17 and impressively higher than the 200 day moving average of $6.88. The 50 day moving average went up $0.48 or +6.76% and the 200 day average was up $0.77. (NYSE:RLH) shares saw heavy trading volume with 25K shares changing hands in the last trading session. Trading volume was up 14.91% over the stocks average daily volume.
Traders are a little more bearish on shares of Red Lions Hotels Corporation recently as indicated by the uptick in short interest. The stock had a rise in short interest of 7.94% as of the latest report on August 31, 2017. Short shares increased from 599,860 to 647,495 over that period. With short interest at 647,495 and short average daily volume at 24,242, the short-interest ratio is 27.0 and the short interest percentage is 0.03% as of August 31.
The following firms have recently changed their position in RLH. Cwh Capital Management, Inc. downsized its ownership by selling 11,627 shares a decrease of 46.5%. Cwh Capital Management, Inc. controls 13,373 shares valued at $98,000. The total value of its holdings decreased 44.3%. As of quarter end Ubs Group Ag had acquired 2,249 shares growing its position 318.6%. The value in dollars increased from $5,000 to $22,000 a change of 340.0% since the last quarter.
As of the end of the quarter Boothbay Fund Management, LLC had bought a total of 75,145 shares growing its holdings by 242.4%. The value of the company’s investment in Red Lions Hotels Corporation went from $197,000 to $780,000 a change of $583,000 for the reporting period. Allianz Asset Management Gmbh trimmed its position by shedding 3,576 shares a decrease of 3.9% in the quarter. Allianz Asset Management Gmbh owns 88,443 shares worth $650,000. The value of the position overall is up by 0.2%.
In the latest earnings report the EPS was $-0.19 and is projected to be $-0.20 for the current year with 23,611,000 shares outstanding. Next quarter’s EPS is estimated at $-0.17 with next year’s EPS anticipated to be $-0.02.
Red Lion Hotels Corporation (RLHC), launched on April 25, 1978, is a hospitality and leisure company. The Company is involved 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. The Business’s segments include company operated hotel segment, franchised hotels segment, entertainment segment and other. The company operated hotel segment is involved in guest room rentals, and food and beverage operations at its operated hotels. The franchised hotels segment is involved in licensing its brands to franchisees. The franchised hotels segment offers various programs, which include its reservation system, guest loyalty program, national and regional sales, revenue management tools, quality inspections, advertising and brand standards..