Gamco Investors INC. ET AL Sells 6,217 Shares of Ryman Hospitality Properties, Inc. $RHP

Key Points

• Gamco Investors INC. ET AL has reduced its holdings in Ryman Hospitality Properties by 0.6%, now owning 960,326 shares, making it the company's 19th largest holding.
• Several institutional investors have significantly increased their stakes in Ryman Hospitality Properties, with First Trust Advisors LP raising its position by 166.9% in the last quarter.
• Ryman Hospitality Properties reported $2.35 EPS for the last quarter, surpassing analysts' expectations, and set a fiscal year 2025 guidance of 7.930-8.490 EPS.

Gamco Investors INC. ET AL lessened its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 960,326 shares of the real estate investment trust's stock after selling 6,217 shares during the quarter. Ryman Hospitality Properties makes up approximately 1.0% of Gamco Investors INC. ET AL's portfolio, making the stock its 19th largest holding. Gamco Investors INC. ET AL owned 1.60% of Ryman Hospitality Properties worth $87,812,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Gabelli Funds LLC raised its position in shares of Ryman Hospitality Properties by 0.5% in the first quarter. Gabelli Funds LLC now owns 437,200 shares of the real estate investment trust's stock valued at $39,978,000 after purchasing an additional 2,000 shares during the period. Corebridge Financial Inc. raised its position in shares of Ryman Hospitality Properties by 5.2% in the first quarter. Corebridge Financial Inc. now owns 30,668 shares of the real estate investment trust's stock valued at $2,804,000 after purchasing an additional 1,508 shares during the period. Penn Capital Management Company LLC raised its position in shares of Ryman Hospitality Properties by 14.4% in the first quarter. Penn Capital Management Company LLC now owns 139,314 shares of the real estate investment trust's stock valued at $12,773,000 after purchasing an additional 17,567 shares during the period. Allstate Corp bought a new position in shares of Ryman Hospitality Properties in the first quarter valued at approximately $918,000. Finally, Ameriprise Financial Inc. raised its position in shares of Ryman Hospitality Properties by 7.5% in the first quarter. Ameriprise Financial Inc. now owns 619,451 shares of the real estate investment trust's stock valued at $56,649,000 after purchasing an additional 43,018 shares during the period. Institutional investors own 94.48% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on RHP. Wall Street Zen lowered shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price target on the stock. Bank of America raised their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, Truist Financial lowered their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of "Buy" and an average target price of $115.50.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the sale, the director owned 2,576 shares in the company, valued at $255,049.76. The trade was a 33.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director H Eric Bolton, Jr. purchased 2,000 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were acquired at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the purchase, the director directly owned 2,000 shares of the company's stock, valued at approximately $190,660. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Stock Performance

RHP traded down $0.20 during trading on Friday, reaching $98.73. 331,048 shares of the company's stock were exchanged, compared to its average volume of 675,691. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. The business has a 50 day moving average price of $98.49 and a 200 day moving average price of $95.71. The company has a market capitalization of $6.22 billion, a P/E ratio of 23.56, a PEG ratio of 1.78 and a beta of 1.62.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.04. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The firm had revenue of $659.52 million for the quarter, compared to the consensus estimate of $616.56 million. During the same quarter in the previous year, the company earned $2.78 earnings per share. The business's revenue was up 7.5% compared to the same quarter last year. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc NYSE: RHP is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.