Red Lion Hotels (RLH) Reaches $8.80 After 9.00% Down Move; Picton Mahoney Asset Management Has Trimmed Celgene (CELG) Stake

October 12, 2017 - By Ruchi Gupta

The stock of Red Lion Hotels Corporation (NYSE:RLH) is a huge mover today! About 63,296 shares traded. Red Lion Hotels Corporation (NYSE:RLH) has declined 16.78% since October 12, 2016 and is downtrending. It has underperformed by 33.48% the S&P500.The move comes after 9 months negative chart setup for the $206.66 million company. It was reported on Oct, 12 by Barchart.com. We have $8.01 PT which if reached, will make NYSE:RLH worth $18.60M less.

Picton Mahoney Asset Management decreased Celgene Corp (CELG) stake by 15.06% reported in 2017Q2 SEC filing. Picton Mahoney Asset Management sold 12,400 shares as Celgene Corp (CELG)’s stock declined 3.49%. The Picton Mahoney Asset Management holds 69,950 shares with $9.08M value, down from 82,350 last quarter. Celgene Corp now has $108.29 billion valuation. The stock declined 0.82% or $1.14 reaching $138.42 per share. About 3.12M shares traded. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since October 12, 2016 and is uptrending. It has outperformed by 0.30% the S&P500.

Since May 15, 2017, it had 2 insider buys, and 0 insider sales for $69,552 activity. The insider WOLFE ROBERT G bought 2,500 shares worth $16,000.

Red Lion Hotels Corporation is a hospitality and leisure company. The company has market cap of $206.66 million. The Firm 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). It currently has negative earnings. The RLHC brands represent upscale, midscale and economy hotels.

Analysts await Red Lion Hotels Corporation (NYSE:RLH) to report earnings on November, 14. They expect $0.20 EPS, down 16.67% or $0.04 from last year’s $0.24 per share. RLH’s profit will be $4.70 million for 11.00 P/E if the $0.20 EPS becomes a reality. After $0.01 actual EPS reported by Red Lion Hotels Corporation for the previous quarter, Wall Street now forecasts 1,900.00% EPS growth.

Investors sentiment decreased to 1.29 in Q2 2017. Its down 0.12, from 1.41 in 2017Q1. It fall, as 9 investors sold Red Lion Hotels Corporation shares while 15 reduced holdings. 11 funds opened positions while 20 raised stakes. 14.89 million shares or 0.96% more from 14.75 million shares in 2017Q1 were reported. Columbia Pacific Advisors Lc owns 1.81M shares or 15.01% of their US portfolio. Washington National Bank invested in 0.11% or 68,109 shares. Da Davidson stated it has 0% in Red Lion Hotels Corporation (NYSE:RLH). Wasatch stated it has 242,600 shares or 0.02% of all its holdings. Royal Comml Bank Of Canada owns 64,009 shares or 0% of their US portfolio. Sorin Cap Ltd holds 1.31% or 192,280 shares. Woodmont Inv Counsel Ltd invested in 147,860 shares. 31,078 are held by Nationwide Fund Advsr. Blackrock Inc owns 1.28M shares. Wells Fargo & Com Mn stated it has 11,695 shares. The New York-based Renaissance Tech Limited has invested 0% in Red Lion Hotels Corporation (NYSE:RLH). First Washington holds 2.28% of its portfolio in Red Lion Hotels Corporation (NYSE:RLH) for 619,460 shares. Fincl Bank Of Mellon Corporation has 59,428 shares. Bridgeway Cap Mgmt stated it has 0.02% in Red Lion Hotels Corporation (NYSE:RLH). Vanguard holds 548,140 shares.

Investors sentiment increased to 1.34 in Q2 2017. Its up 0.21, from 1.13 in 2017Q1. It increased, as 60 investors sold CELG shares while 390 reduced holdings. 110 funds opened positions while 494 raised stakes. 602.51 million shares or 1.81% more from 591.78 million shares in 2017Q1 were reported. Voloridge Management Ltd reported 1.45% of its portfolio in Celgene Corporation (NASDAQ:CELG). Homrich Berg has invested 0.05% of its portfolio in Celgene Corporation (NASDAQ:CELG). Ironwood Ltd Liability stated it has 84 shares or 0.01% of all its holdings. Sun Life Fin Inc reported 5,590 shares stake. Northern Tru Corp stated it has 0.38% of its portfolio in Celgene Corporation (NASDAQ:CELG). Albion Grp Inc Ut has invested 1.55% in Celgene Corporation (NASDAQ:CELG). 3.43 million were reported by Orbimed Limited. The New York-based Williams Jones & Assocs Limited Liability Corp has invested 0.07% in Celgene Corporation (NASDAQ:CELG). Advantus Mngmt Inc reported 78,795 shares. Moreover, Meristem Llp has 0.14% invested in Celgene Corporation (NASDAQ:CELG). Ingalls & Snyder Ltd reported 26,515 shares. Los Angeles Cap Management And Equity Research Inc invested 0.11% of its portfolio in Celgene Corporation (NASDAQ:CELG). California-based Diligent Limited Liability Corporation has invested 0.3% in Celgene Corporation (NASDAQ:CELG). Whalerock Point Llc holds 20,793 shares or 0.99% of its portfolio. Neumann Cap Mgmt Ltd Company stated it has 1,800 shares.

Since June 15, 2017, it had 0 insider purchases, and 3 sales for $2.36 million activity. Another trade for 4,785 shares valued at $575,038 was sold by VESSEY RUPERT. $625,000 worth of stock was sold by Friedman Michael A on Saturday, June 17. On Saturday, June 17 the insider CASEY MICHAEL D sold $1.16M.

Analysts await Celgene Corporation (NASDAQ:CELG) to report earnings on October, 26. They expect $1.72 EPS, up 23.74% or $0.33 from last year’s $1.39 per share. CELG’s profit will be $1.35B for 20.12 P/E if the $1.72 EPS becomes a reality. After $1.68 actual EPS reported by Celgene Corporation for the previous quarter, Wall Street now forecasts 2.38% EPS growth.

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