Reinhart Partners Lowers stake in Ryman Hospitality Properties (REIT) (RHP)

Ryman Hospitality Properties (REIT) (RHP) : Reinhart Partners reduced its stake in Ryman Hospitality Properties (REIT) by 1.13% during the most recent quarter end. The investment management company now holds a total of 610,655 shares of Ryman Hospitality Properties (REIT) which is valued at $34,349,344 after selling 6,962 shares in Ryman Hospitality Properties (REIT) , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Ryman Hospitality Properties (REIT) makes up approximately 3.31% of Reinhart Partners’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management added RHP to its portfolio by purchasing 25 company shares during the most recent quarter which is valued at $1,369.Creative Planning boosted its stake in RHP in the latest quarter, The investment management firm added 48 additional shares and now holds a total of 657 shares of Ryman Hospitality Properties (REIT) which is valued at $35,176. Kistler-tiffany Companies added RHP to its portfolio by purchasing 8 company shares during the most recent quarter which is valued at $424.

Ryman Hospitality Properties (REIT) opened for trading at $54.39 and hit $54.93 on the upside on Wednesday, eventually ending the session at $54.75, with a gain of 0.98% or 0.53 points. The heightened volatility saw the trading volume jump to 4,48,790 shares. Company has a market cap of $2,789 M.

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.

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