Hsbc Holdings PLC Reduces Stock Position in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Hsbc Holdings PLC reduced its stake in Ryman Hospitality Properties by 9.1%, now holding 62,572 shares valued at about $5.7 million.
• Ryman Hospitality Properties reported $2.35 earnings per share for the last quarter, exceeding expectations and showing a 7.5% revenue increase compared to the previous year.
• Several institutional investors have recently altered their positions in Ryman, with hedge funds currently owning 94.48% of the company's stock.

Hsbc Holdings PLC lessened its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,572 shares of the real estate investment trust's stock after selling 6,249 shares during the period. Hsbc Holdings PLC owned 0.10% of Ryman Hospitality Properties worth $5,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in RHP. Nuveen LLC purchased a new stake in shares of Ryman Hospitality Properties in the 1st quarter valued at about $67,901,000. Vanguard Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust's stock valued at $813,748,000 after purchasing an additional 603,936 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Ryman Hospitality Properties by 946.6% in the 4th quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust's stock valued at $52,455,000 after purchasing an additional 454,922 shares during the last quarter. Adelante Capital Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 340.1% in the 4th quarter. Adelante Capital Management LLC now owns 348,890 shares of the real estate investment trust's stock valued at $36,403,000 after purchasing an additional 269,623 shares during the last quarter. Finally, Hamlin Capital Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 42.2% in the 1st quarter. Hamlin Capital Management LLC now owns 887,956 shares of the real estate investment trust's stock valued at $81,195,000 after purchasing an additional 263,630 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insider Buying and Selling

In other news, Chairman Colin V. Reed purchased 8,356 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the acquisition, the chairman directly owned 870,406 shares of the company's stock, valued at approximately $84,359,749.52. This trade represents a 0.97% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the completion of the transaction, the director directly owned 2,576 shares of the company's stock, valued at approximately $255,049.76. This trade represents a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Stock Performance

NYSE RHP traded down $0.39 during trading hours on Thursday, hitting $98.91. 476,844 shares of the stock were exchanged, compared to its average volume of 674,729. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.79 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. The stock has a 50-day moving average of $98.49 and a 200 day moving average of $95.79. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72.

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 (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.04. The firm had revenue of $659.52 million during the quarter, compared to analysts' expectations of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Ryman Hospitality Properties 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.