Reinhart Partners buys $31,090,840 stake in Ryman Hospitality Properties (REIT) (RHP)

Ryman Hospitality Properties (REIT) (RHP) : Reinhart Partners scooped up 128,092 additional shares in Ryman Hospitality Properties (REIT) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 617,617 shares of Ryman Hospitality Properties (REIT) which is valued at $31,090,840.Ryman Hospitality Properties (REIT) makes up approximately 3.13% of Reinhart Partners’s portfolio.

Ryman Hospitality Properties (REIT) closed down -0.63 points or -1.24% at $50.34 with 3,06,991 shares getting traded on Friday. Post opening the session at $51.22, the shares hit an intraday low of $49.85 and an intraday high of $51.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Patten Patten Inctn sold out all of its stake in RHP during the most recent quarter. The investment firm sold 19,955 shares of RHP which is valued $1,040,254.Simplex Trading boosted its stake in RHP in the latest quarter, The investment management firm added 1,914 additional shares and now holds a total of 2,040 shares of Ryman Hospitality Properties (REIT) which is valued at $106,345. Ryman Hospitality Properties (REIT) makes up approx 0.02% of Simplex Trading’s portfolio.State Of Alaska Department Of Revenue boosted its stake in RHP in the latest quarter, The investment management firm added 710 additional shares and now holds a total of 23,660 shares of Ryman Hospitality Properties (REIT) which is valued at $1,233,396. Ryman Hospitality Properties (REIT) makes up approx 0.13% of State Of Alaska Department Of Revenue’s portfolio.

On the company’s financial health, Ryman Hospitality Properties (REIT) reported $1.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.37 according to the earnings call on Feb 26, 2016. Analyst had a consensus of $1.19. The company had revenue of $312.00 million for the quarter, compared to analysts expectations of $310.96 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

Many Wall Street Analysts have commented on Ryman Hospitality Properties (REIT). Shares were Reiterated by Deutsche Bank on Feb 29, 2016 to “Buy” and Lowered the Price Target to $ 61 from a previous price target of $62 .

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