Understanding the Risks of Investing in Ryman Hospitality Properties Inc. (RHP)


Ryman Hospitality Properties Inc.’s recent filing unveils that its Director HASLAM WILLIAM E acquired Company’s shares for reported $1.0 million on Aug 14. In the deal valued at $86.90 per share,11,507 shares were bought. As a result of this transaction, HASLAM WILLIAM E now holds 11,507 shares worth roughly $ 1.0 million.

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Then, REED COLIN V sold 15,000 shares, generating $1,455,600 in total proceeds. Upon selling the shares at $97.04, the Exec. Chairman of the Board now owns 782,614 shares.

Before that, REED COLIN V sold 15,000 shares. Ryman Hospitality Properties Inc. shares valued at $1,439,250 were divested by the Exec. Chairman of the Board at a price of $95.95 per share. As a result of the transaction, REED COLIN V now holds 797,614 shares, worth roughly $69.55 million.

Truist upgraded its Ryman Hospitality Properties Inc. [RHP] rating to a Buy from a a Hold in a research note published on Tuesday, September 07, 2022; the price target was increased to $103 from $95. PT values the company’s stock at a premium of 15.34 to its Tuesday closing price.

Price Performance Review of RHP

On Tuesday, Ryman Hospitality Properties Inc. [NYSE:RHP] saw its stock jump 2.08% to $87.20. On the same session, the stock had its day’s lowest price of $85.00, but rose to a high of $87.44. Over the last five days, the stock has gained 2.78%. Ryman Hospitality Properties Inc. shares have risen nearly 6.63% since the year began. Nevertheless, the stocks have risen 7.28% over the past one year. While a 52-week high of $98.60 was reached on 06/02/23, a 52-week low of $71.59 was recorded on 03/24/23. SMA at 50 days reached $90.07, while 200 days put it at $89.79. A total of 0.62 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For RHP Stock

The 24-hour chart illustrates a support level at 85.65, which if violated will result in even more drops to 84.11. On the upside, there is a resistance level at 88.09. A further resistance level may holdings at 88.99. The Relative Strength Index (RSI) on the 14-day chart is 51.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.53%. Stochastics %K at 76.54% indicates the stock is a holding.

How much short interest is there in Ryman Hospitality Properties Inc.?

A steep rise in short interest was recorded in Ryman Hospitality Properties Inc. stocks on Aug 14, 2023, growing by 10000.0 shares to a total of 1.58 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.57 million shares. There was a rise of 0.63%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.55% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.77.

Ryman Hospitality Properties Inc. [RHP] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 7,880,973 shares, or roughly 13.20% of the outstanding RHP shares. In other words, the investor’s shares have risen by 265,035 from its previous 13-F filing of 7615938.0. Additionally, BlackRock Fund Advisors increased 8.92% of its stake after which the total value it holdings stand at $447,264,102, while SSgA Funds Management, Inc. added 4.59% of its stake to hold $263.57 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 734,761 shares of Ryman Hospitality Properties Inc., while Wellington Management Co. LLP bought -293,512 shares. At present, JPMorgan Investment Management, I is holding 1,440,688 shares valued at $137.28 million. RREEF America LLC owned 1,359,382 shares of the company at the time of its most recent 13F filing, worth $129.54 million.

According to FactSet, Ryman Hospitality Properties Inc.’s share price will average $109.29 in the next year, based on opinions of analysts polled by the firm. This is up nearly 28.78 percent from its previous closing price of $85.42. Analysts expect Ryman Hospitality Properties Inc. stock to reach the higher price of $129.00, while the lowest price estimate is $88.00. However, 7 analysts have rated RHP stock as an Overweight in their predictions for 2023.


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