New Age Alpha Advisors LLC Increases Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Key Points

• New Age Alpha Advisors LLC significantly increased its holdings in Ryman Hospitality Properties by acquiring an additional 33,978 shares, resulting in a total ownership of 45,255 shares valued at approximately $4.14 million.
• Insider trading activity includes Director Alvin L. Bowles, Jr. selling 1,300 shares, representing a 33.54% decrease in his ownership, while Chairman Colin V. Reed purchased 8,356 shares, increasing his holdings by 0.97%.
• Research analysts have a generally positive outlook on Ryman Hospitality, with most recommending a "buy" rating and an average price target of $114.75, reflecting confidence in the company's financial performance and growth potential.

New Age Alpha Advisors LLC grew its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 301.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,255 shares of the real estate investment trust's stock after acquiring an additional 33,978 shares during the period. New Age Alpha Advisors LLC owned about 0.08% of Ryman Hospitality Properties worth $4,138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RHP. Heck Capital Advisors LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $31,000. Fifth Third Bancorp raised its holdings in shares of Ryman Hospitality Properties by 175.6% in the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 367 shares during the last quarter. CWM LLC lifted its position in shares of Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock valued at $66,000 after acquiring an additional 493 shares in the last quarter. Covestor Ltd boosted its stake in shares of Ryman Hospitality Properties by 33.3% during the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after acquiring an additional 207 shares during the last quarter. Finally, FIL Ltd increased its position in Ryman Hospitality Properties by 44.5% during the 4th quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock worth $97,000 after purchasing an additional 286 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Trading Down 1.9%

NYSE:RHP traded down $1.78 during trading hours on Friday, reaching $92.55. 432,546 shares of the company were exchanged, compared to its average volume of 664,625. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.18 and a beta of 1.62. The stock has a 50 day simple moving average of $98.88 and a 200 day simple moving average of $96.60. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.55.

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

Insider Transactions at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total transaction of $128,713.00. Following the completion of the sale, the director owned 2,576 shares in the company, valued at approximately $255,049.76. The trade was a 33.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 acquired at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the acquisition, the chairman directly owned 870,406 shares of the company's stock, valued at $84,359,749.52. This trade represents a 0.97% increase in their position. The disclosure for this purchase can be found here. Company insiders own 5.00% of the company's stock.

Wall Street Analyst Weigh In

RHP has been the topic of a number of recent research reports. Evercore ISI reduced their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Bank of America boosted their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Wall Street Zen lowered shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research report on Saturday. Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. began coverage on shares of Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price on the stock. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.75.

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.