Ryman Hospitality (NYSE:RHP) Stock Upgrade
Expert analysts at the Wells Fargo stock research division raised shares of Ryman Hospitality (NYSE:RHP) from a Underperform to a Market Perform on Tuesday, 15 December.
From a total of 7 analysts covering Ryman Hospitality Properties (NYSE:RHP) stock, 2 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 22% of the ratings are positive. The highest target price is $68 while the lowest target price is $53. The mean of all analyst targets is $58.86 with a 15.36% above today’s ($52.01) stock price. Ryman Hospitality Properties was the topic of 5 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Wells Fargo downgraded shares on October 14 to “Underperform” rating.
The stock increased 2.20% or $1.12 during the last trading session, striking $52.01. Approximately 247,727 shares of stock traded hands or 8.46% up from the average. Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) has declined 7.61% since May 12, 2015 and is downtrending. It has underperformed by 3.93% the S&P500.
The overall sentiment of institutions has decreased to 0.9 in Q2 2015. Its down 0.27, from 1.17 in 2015Q2. The ratio worsened, as 33 institutions have sold all the shares of Ryman Hospitality Properties, Inc. (REIT) that they owned while 73 funds have taken shares off the table. 20 funds have purchased shares for the first time while 75 added to their positions. These institutions now hold 38.83 million shares or 16.96% less than the 46.75 million shares they owned in 2015Q2.
The Fund Overbrook Management Corp currently is holding shares equating to 10.97% of its total portfolio in Ryman Hospitality Properties, Inc. (REIT) representing a total of 1.45 million shares. Another fund,Hirzel Capital Management Llc, is holding a total of 1.12 million shares equating to 7.84% of their holdings. Additionally, Greenwood Investments Inc. has a 98,730 share stake in Ryman Hospitality Properties, Inc. (REIT) which represents 5% of their total portfolio. The Fund, Corsair Capital Management L.P., based out of New York, has also built up a stake in the stock, which represents a total of 4.73% of their total portfolio. Finally Selz Capital Llc, a fund which is based in the state of New York reported a total holdings of 257,400 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 10, 2015, shareholders of Ryman Hospitality Properties, Inc. (REIT) have witnessed 1 buying transaction, and a total of 0 insider sales equating to a net activity of approximately $353,140 . Reed Colin V bought 6,658 shares worth approximately $353,140. Bender Michael J sold 2,500 shares worth approximately $135,783. Chaffin Patrick S sold 1,000 shares worth approximately $61,115. Rose Michael D bought 3,300 shares worth approximately $197,978.
According to Zacks Investment Research, “Ryman Hospitality Properties, Inc. is a Real Estate Investment Trust specializing in group-oriented, destination hotel assets in urban and resort markets. The Company also operates a number of media and entertainment assets that includes the Grand Ole Opry, the Ryman Auditorium and WSM-AM. Ryman Hospitality Properties, Inc. is headquartered in Nashville, Tennessee.”