Why Christopher Shackelton And Adam Gray’s Coliseum Capital Management Reported Red Lion Hotels Corp Position?

June 19, 2018 - By Paula Hilliard

Red Lion Hotels Corporation (NYSE:RLH) LogoInvestors sentiment decreased to 0.97 in 2018 Q1. Its down 1.08, from 2.05 in 2017Q4. It fall, as 9 investors sold Red Lion Hotels Corporation shares while 21 reduced holdings. 12 funds opened positions while 17 raised stakes. 15.27 million shares or 3.27% less from 15.79 million shares in 2017Q4 were reported.

Tower Research Capital Ltd Llc (Trc) reported 0.01% stake. State Bank Of New York Mellon invested in 0% or 63,541 shares. Segall Bryant And Hamill Ltd holds 0.11% of its portfolio in Red Lion Hotels Corporation (NYSE:RLH) for 467,507 shares. Portolan Mgmt Llc has invested 0.64% in Red Lion Hotels Corporation (NYSE:RLH). First Washington holds 252,870 shares. Cwh Capital Mgmt Inc holds 0.12% or 24,873 shares in its portfolio. Moreover, Blackrock has 0% invested in Red Lion Hotels Corporation (NYSE:RLH) for 1.28M shares. Commercial Bank Of America Corporation De reported 2,909 shares or 0% of all its holdings. Dimensional Fund Advsrs Lp accumulated 0.01% or 1.99M shares. Washington Trust Bank & Trust invested 0.1% of its portfolio in Red Lion Hotels Corporation (NYSE:RLH). 45,011 are owned by Tiaa Cref Inv Management Limited Liability Co. Rhumbline Advisers holds 0% or 13,725 shares. Eam Invsts Ltd Llc invested in 0.26% or 157,108 shares. Barclays Public Limited Com invested 0% of its portfolio in Red Lion Hotels Corporation (NYSE:RLH). Millennium Mgmt Limited Liability Company has invested 0% in Red Lion Hotels Corporation (NYSE:RLH).

Since May 23, 2018, it had 0 insider purchases, and 8 selling transactions for $45.27 million activity. $281,829 worth of stock was sold by MCKEIRNAN THOMAS L on Wednesday, May 30. The insider HNA Investment Management LLC sold $39.07M. Columbia Pacific Opportunity Fund – L.P. also sold $1.53M worth of Red Lion Hotels Corporation (NYSE:RLH) shares.

The New Christopher Shackelton And Adam Gray’s Coliseum Capital Management Holding in Red Lion Hotels Corp

Coliseum Capital Management reported SC 13D form with the SEC for Red Lion Hotels Corp. Access it here: 000119312518196927. As reported by Christopher Shackelton And Adam Gray’s Coliseum Capital Management, the filler owns 13.4% or 3,250,364 shares of the Consumer Discretionary–company.

Red Lion Hotels Corp stake is new for [reportingPerson]. Date of activity: June12, 2018. This shows Christopher Shackelton And Adam Gray’s Coliseum Capital Management’s positive view for Red Lion Hotels Corp. For a hedge fund managing $592.47 million in assets and having 8+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Christopher Shackelton And Adam Gray’s Coliseum Capital Management’s portfolio is in the sector.

Reasons Why Christopher Shackelton And Adam Gray’s Coliseum Capital Management Bought – Red Lion Hotels Corp Stock

Item4. Purpose of Transaction

SecuritiesPurchase Agreement with HNA RLH Investments LLC

On June12, 2018, HNA RLH Investments LLC, a Delaware limited liability company(“HNA”), entered into a Securities Purchase Agreement (the “HNA Purchase Agreement”) with CCP and the Separate Account. Pursuant to the HNA Purchase Agreement, (a)CCP purchased from HNA 2,705,675 shares ofCommon Stock of the Issuer at a purchase price of $10.45 per share for an aggregate purchase price of $28,274,303.75 and (b)the Separate Account purchased from HNA 1,032,726 shares of Common Stock of the Issuer at a purchase price of $10.45per share for an aggregate purchase price of $10,791,986.70.

The foregoing summary of the HNA Purchase Agreement does not purport to be complete and issubject to, and qualified in its entirety by, the full text of the HNA Purchase Agreement, which is filed as Exhibit 2 to this Schedule 13D and is incorporated by reference herein.

Securities Purchase Agreement with Scott R. Grossman

On June15, 2018, Scott R. Grossman (“Grossman”) entered into a Securities Purchase Agreement (the “Grossman PurchaseAgreement”) with CCP and the Separate Account. Pursuant to the Grossman Purchase Agreement, Grossman purchased from (a)CCP 6,926 shares of Common Stock of the Issuer at a purchase price of $10.45 per share for an aggregate purchaseprice of $72,376.70 and (b)the Separate Account 2,643 shares of Common Stock of the Issuer at a purchase price of $10.45 per share for an aggregate purchase price of $27,619.35.

The foregoing summary of the Grossman Purchase Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text ofthe Grossman Purchase Agreement, which is filed as Exhibit 3 to this Schedule 13D and is incorporated by reference herein.

SecuritiesPurchase Agreement with Litowitz Family L.L.C.

On June15, 2018, Litowitz Family L.L.C., a Delaware limited liability company(“Litowitz”), entered into a Securities Purchase Agreement (the “Litowitz Purchase Agreement”) with CCP and the Separate Account. Pursuant to the Litowitz Purchase Agreement, Litowitz purchased from (a)CCP346,292 shares of Common Stock of the Issuer at a purchase price of $10.45 per share for an aggregate purchase price of $3,618,751.40 and (b)the Separate Account 132,176 shares of Common Stock of the Issuer at a purchase price of $10.45 pershare for an aggregate purchase price of $1,381,239.20.

The foregoing summary of the Litowitz Purchase Agreement does not purport to be complete and issubject to, and qualified in its entirety by, the full text of the Litowitz Purchase Agreement, which is filed as Exhibit 4 to this Schedule 13D and is incorporated by reference herein.

Page 8 of 10

CUSIP No. 756764106

General

The Reporting Persons acquired the Issuer’s securities for investment purposes, and such purposes were made in the Reporting Persons’ ordinary courseof business. In pursuing such investment purposes, the Reporting Persons may further purchase, hold, vote, trade, dispose or otherwise deal in the Issuer’s securities at times, and in such manner (including pursuant to hedging transactions), asthey deem advisable to benefit from changes in market prices of the Issuer’s securities, changes in the Issuer’s operations, business strategy or prospects, or from a sale or merger of the Issuer. To evaluate such alternatives, theReporting Persons routinely will monitor the Issuer’s operations, prospects, business development, management, competitive and strategic matters, capital structure, and prevailing market conditions, as well as alternative investmentopportunities, liquidity requirements of the Reporting Persons and other investment considerations. Consistent with their investment research methods and evaluation criteria, the Reporting Persons may discuss such matters with management ordirectors of the Issuer, other shareholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit and other investors. Such factors and discussions may materiallyaffect, and result in, the Reporting Persons’ modifying their ownership of the Issuer’s securities, exchanging information with the Issuer pursuant to appropriate confidentiality or similar agreements, proposing changes in theIssuer’s operations, governance or capitalization, or in proposing one or more of the other actions described in paragraphs (a)through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate other plans and/ormake other proposals, and take such actions with respect to their investment in the Issuer, including any or all of the actions set forth in paragraphs (a)through (j) of Item 4 of Schedule 13D, or acquire additional securities of the Issuer ordispose of all of the Issuer’s securities beneficially owned by them, in public market or privately negotiated transactions. The Reporting Persons may at any time reconsider and change their plans or proposals relating to the foregoing.

Red Lion Hotels Corp Institutional Sentiment

Filings show 55 investors own Red Lion Hotels Corp. The ownership in Q3 2017 is high, at Infinity of the outstanding shares. This is increased by 1745710. 15579761 were owned by these investors. 11 funds opened new Red Lion Hotels Corp stakes, 21 increased positions. There were 3 that closed positions and 15 reduced them.

5 investors had the stock in their top 10. Some are: Columbia Pacific Advisors Llc, Eidelman Virant Capital, Manatuck Hill Partners Llc..

First Washington Corp is an investor bullish on Red Lion Hotels Corp, owning 617560 shares as of Q3 2017 for 2.66% of its portfolio. Raffles Associates Lp owns 644555 shares or 5.10% of its portfolio. MO Eidelman Virant Capital have 6.77% of its portfolio for 1315981 shares. Further, Manatuck Hill Partners Llc reported stake worth 4.59% of its portfolio. The WA Columbia Pacific Advisors Llc owns 1810105 shares. Red Lion Hotels Corp is 19.51% of its portfolio.

SEC Form 13D.

Analysts await Red Lion Hotels Corporation (NYSE:RLH) to report earnings on August, 2. They expect $0.07 earnings per share, up 600.00 % or $0.06 from last year’s $0.01 per share. RLH’s profit will be $1.69M for 41.96 P/E if the $0.07 EPS becomes a reality. After $-0.26 actual earnings per share reported by Red Lion Hotels Corporation for the previous quarter, Wall Street now forecasts -126.92 % EPS growth.

The stock decreased 2.89% or $0.35 during the last trading session, reaching $11.75. About 131,128 shares traded or 42.11% up from the average. Red Lion Hotels Corporation (NYSE:RLH) has risen 58.14% since June 19, 2017 and is uptrending. It has outperformed by 45.57% the S&P500.

Red Lion Hotels Corporation, a hospitality and leisure company, owns, manages, and franchises hotels under its Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse, and Settle Inn & Suites brands primarily in the United States. The company has market cap of $284.48 million. The firm operates through three divisions: Franchised Hotels, Company Operated Hotels, and Entertainment. It has a 691.18 P/E ratio. It also promotes and presents entertainment productions under the WestCoast Entertainment name.

More notable recent Red Lion Hotels Corporation (NYSE:RLH) news were published by: Streetinsider.com which released: “Coliseum Capital, Vindico Capital Acquire RLH Corporation (RLH) Shares Previously Held by HNA Investment …” on June 15, 2018, also Globenewswire.com with their article: “RLH Corporation Appoints Gary Sims Chief Operating Officer” published on June 06, 2018, Globenewswire.com published: “Coliseum Capital Management and Vindico Capital Acquire RLH Corporation Shares Previously Held by HNA …” on June 15, 2018. More interesting news about Red Lion Hotels Corporation (NYSE:RLH) were released by: Globenewswire.com and their article: “RLH Corporation Promotes Paul Sacco to Executive Vice President, President of Global Development” published on June 18, 2018 as well as Globenewswire.com‘s news article titled: “RLH Corporation Increases Group Commission to 11%” with publication date: May 24, 2018.

Red Lion Hotels Corporation (NYSE:RLH) Institutional Positions Chart

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