Ryman Hospitality Properties, Inc. $RHP Shares Sold by Knightsbridge Asset Management LLC

Key Points

• Knightsbridge Asset Management LLC has reduced its stake in Ryman Hospitality Properties, Inc. by 7.0%, owning 39,688 shares worth approximately $3.63 million after selling 2,969 shares in the first quarter.
• Several institutional investors have shown varied interest, with Fifth Third Bancorp increasing its holdings by 175.6%, now owning 576 shares valued at around $53,000.
• Equities analysts have mixed views on the stock, with ratings ranging from "buy" to "sell", reflecting an average price target of $115.50 as well as notable price adjustments from firms like Truist Financial and Bank of America.

Knightsbridge Asset Management LLC reduced its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,688 shares of the real estate investment trust's stock after selling 2,969 shares during the period. Knightsbridge Asset Management LLC owned 0.07% of Ryman Hospitality Properties worth $3,629,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RHP. Mercer Global Advisors Inc. ADV purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at $288,000. Captrust Financial Advisors boosted its stake in Ryman Hospitality Properties by 16.0% during the 4th quarter. Captrust Financial Advisors now owns 6,128 shares of the real estate investment trust's stock worth $639,000 after purchasing an additional 845 shares during the period. BOKF NA increased its position in Ryman Hospitality Properties by 16.1% in the 4th quarter. BOKF NA now owns 6,722 shares of the real estate investment trust's stock valued at $685,000 after acquiring an additional 934 shares during the period. Centiva Capital LP increased its holdings in shares of Ryman Hospitality Properties by 84.1% in the fourth quarter. Centiva Capital LP now owns 3,792 shares of the real estate investment trust's stock valued at $396,000 after purchasing an additional 1,732 shares during the period. Finally, Cetera Investment Advisers raised its position in Ryman Hospitality Properties by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock worth $466,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RHP shares. Bank of America boosted their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Truist Financial lowered their price target 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. Wall Street Zen lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Wells Fargo & Company increased their price target on Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an "overweight" rating and a $117.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of "Buy" and a consensus price target of $115.50.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. purchased 2,000 shares of Ryman Hospitality Properties stock in a transaction on Thursday, August 14th. The stock was bought at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the transaction, the director owned 2,000 shares of the company's stock, valued at $190,660. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.00% of the stock is owned by insiders.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP traded down $0.83 on Friday, reaching $99.91. 231,183 shares of the company's stock were exchanged, compared to its average volume of 782,910. The business's 50-day moving average is $98.33 and its two-hundred day moving average is $95.63. 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, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 1.81 and a beta of 1.58.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, beating 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 business had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. During the same quarter in the prior year, the firm earned $2.78 EPS. The company's revenue for the quarter 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, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current 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.