Corsair Capital Management Lowers stake in Ryman Hospitality Properties (REIT) (RHP)

Ryman Hospitality Properties (REIT) (RHP) : Corsair Capital Management reduced its stake in Ryman Hospitality Properties (REIT) by 16.69% during the most recent quarter end. The investment management company now holds a total of 667,168 shares of Ryman Hospitality Properties (REIT) which is valued at $34 Million after selling 133,666 shares in Ryman Hospitality Properties (REIT) , the firm said in a disclosure report filed with the SEC on May 13, 2016.Ryman Hospitality Properties (REIT) makes up approximately 4.65% of Corsair Capital Management’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies added RHP to its portfolio by purchasing 109,641 company shares during the most recent quarter which is valued at $5.6 Million. Ryman Hospitality Properties (REIT) makes up approx 0.01% of Renaissance Technologies’s portfolio.New Mexico Educational Retirement Board reduced its stake in RHP by selling 4,400 shares or 37.61% in the most recent quarter. The Hedge Fund company now holds 7,300 shares of RHP which is valued at $371,789. Ryman Hospitality Properties (REIT) makes up approx 0.02% of New Mexico Educational Retirement Board’s portfolio.Manufacturers Life Insurance Company The boosted its stake in RHP in the latest quarter, The investment management firm added 688 additional shares and now holds a total of 28,866 shares of Ryman Hospitality Properties (REIT) which is valued at $1.5 Million.Forsta Ap-fonden reduced its stake in RHP by selling 18,300 shares or 70.66% in the most recent quarter. The Hedge Fund company now holds 7,600 shares of RHP which is valued at $387,068. Ryman Hospitality Properties (REIT) makes up approx 0.10% of Forsta Ap-fonden’s portfolio.

Ryman Hospitality Properties (REIT) closed down -0.16 points or -0.33% at $48.82 with 3,40,111 shares getting traded on Wednesday. Post opening the session at $49.01, the shares hit an intraday low of $48.27 and an intraday high of $49.02 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Ryman Hospitality Properties (REIT) reported $1.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $1.20. The company had revenue of $261.50 million for the quarter, compared to analysts expectations of $263.49 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 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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