Hillcrest Asset Management LLC lessened its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,078 shares of the real estate investment trust’s stock after selling 3,885 shares during the quarter. Ryman Hospitality Properties accounts for approximately 1.8% of Hillcrest Asset Management LLC’s holdings, making the stock its 28th biggest position. Hillcrest Asset Management LLC owned approximately 0.30% of Ryman Hospitality Properties worth $9,753,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in Ryman Hospitality Properties by 3.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 181,748 shares of the real estate investment trust’s stock worth $11,634,000 after buying an additional 6,544 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Ryman Hospitality Properties by 9.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 604,107 shares of the real estate investment trust’s stock worth $38,669,000 after buying an additional 50,829 shares in the last quarter. State Street Corp increased its holdings in Ryman Hospitality Properties by 2.7% in the 2nd quarter. State Street Corp now owns 1,644,269 shares of the real estate investment trust’s stock worth $105,251,000 after buying an additional 43,334 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Ryman Hospitality Properties by 14.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 158,114 shares of the real estate investment trust’s stock worth $10,121,000 after buying an additional 19,474 shares in the last quarter. Finally, Anchor Capital Advisors LLC grew its stake in shares of Ryman Hospitality Properties by 1.9% during the 2nd quarter. Anchor Capital Advisors LLC now owns 5,410 shares of the real estate investment trust’s stock valued at $346,000 after purchasing an additional 100 shares during the period. 86.72% of the stock is owned by hedge funds and other institutional investors.

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) traded down $0.20 on Monday, hitting $65.92. The stock had a trading volume of 182,400 shares, compared to its average volume of 246,077. The stock has a market cap of $3,370.00, a PE ratio of 12.35, a price-to-earnings-growth ratio of 2.40 and a beta of 1.16. Ryman Hospitality Properties, Inc. has a twelve month low of $53.70 and a twelve month high of $67.97. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.46.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.38. The business had revenue of $264.70 million for the quarter, compared to analysts’ expectations of $268.97 million. Ryman Hospitality Properties had a return on equity of 43.45% and a net margin of 13.10%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 EPS. analysts expect that Ryman Hospitality Properties, Inc. will post 5.47 earnings per share for the current year.

RHP has been the subject of a number of recent research reports. BidaskClub downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday. Deutsche Bank AG restated a “buy” rating and set a $70.00 price target (down from $71.00) on shares of Ryman Hospitality Properties in a research note on Thursday, August 10th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $60.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $65.60.

COPYRIGHT VIOLATION WARNING: This story was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/11/13/ryman-hospitality-properties-inc-rhp-stake-lessened-by-hillcrest-asset-management-llc.html.

In related news, CEO Colin V. Reed sold 19,280 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $63.30, for a total transaction of $1,220,424.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

Want to see what other hedge funds are holding RHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryman Hospitality Properties, Inc. (NYSE:RHP).

Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

Receive News & Stock Ratings for Ryman Hospitality Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryman Hospitality Properties Inc. and related stocks with our FREE daily email newsletter.