WS Management Lllp Sells 43,360 Shares of Ryman Hospitality Properties, Inc. $RHP

Key Points

• WS Management Lllp has decreased its holdings of Ryman Hospitality Properties by 21.8%, selling 43,360 shares and now owning 155,835 shares, which represent 1.6% of its portfolio.
• Multiple institutional investors have increased their positions in Ryman, with Penn Capital Management boosting its stake by 14.4% after acquiring an additional 17,567 shares.
• Ryman Hospitality Properties reported earnings per share of $2.35, surpassing analysts' expectations, and set guidance for FY 2025 at 7.930-8.490 EPS.

WS Management Lllp decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 21.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,835 shares of the real estate investment trust's stock after selling 43,360 shares during the period. Ryman Hospitality Properties accounts for 1.6% of WS Management Lllp's portfolio, making the stock its 11th largest position. WS Management Lllp owned approximately 0.26% of Ryman Hospitality Properties worth $14,250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gabelli Funds LLC increased its position in shares of Ryman Hospitality Properties by 0.5% during 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 acquiring an additional 2,000 shares in the last quarter. Corebridge Financial Inc. increased its position in shares of Ryman Hospitality Properties by 5.2% during 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 acquiring an additional 1,508 shares in the last quarter. Penn Capital Management Company LLC increased its position in shares of Ryman Hospitality Properties by 14.4% during 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 acquiring an additional 17,567 shares in the last quarter. Allstate Corp bought a new stake in shares of Ryman Hospitality Properties during the first quarter valued at approximately $918,000. Finally, Ameriprise Financial Inc. increased its position in shares of Ryman Hospitality Properties by 7.5% during 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 acquiring an additional 43,018 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Wall Street Analysts Forecast Growth

RHP has been the subject of several analyst reports. Evercore ISI reduced their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company raised their price target on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Wall Street Zen downgraded shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. assumed 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 on the stock. Finally, Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $114.75.

Insider Transactions at Ryman Hospitality Properties

In other 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 transaction, the director owned 2,576 shares in the company, valued at $255,049.76. This trade represents a 33.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Colin V. Reed purchased 8,356 shares of the company's stock in a transaction dated Monday, June 9th. The shares were acquired at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the purchase, the chairman directly owned 870,406 shares in the company, valued at approximately $84,359,749.52. The trade was a 0.97% 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 Trading Down 1.9%

Shares of Ryman Hospitality Properties stock opened at $97.0530 on Tuesday. The company's fifty day simple moving average is $98.45 and its 200-day simple moving average is $95.79. The stock has a market capitalization of $6.11 billion, a PE ratio of 23.16, a P/E/G ratio of 1.78 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year 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 1.63.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly 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. The business had revenue of $659.52 million for 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 company's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share 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.

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