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 14.06% during the most recent quarter end. The investment management company now holds a total of 573,374 shares of Ryman Hospitality Properties (REIT) which is valued at $31,048,202 after selling 93,794 shares in Ryman Hospitality Properties (REIT) , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Ryman Hospitality Properties (REIT) makes up approximately 4.61% of Corsair Capital Management’s portfolio.

Other Hedge Funds, Including , Assetmark Inc reduced its stake in RHP by selling 785 shares or 59.56% in the most recent quarter. The Hedge Fund company now holds 533 shares of RHP which is valued at $28,862.Moody Lynn Lieberson boosted its stake in RHP in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 14,672 shares of Ryman Hospitality Properties (REIT) which is valued at $825,153. Ryman Hospitality Properties (REIT) makes up approx 0.14% of Moody Lynn Lieberson’s portfolio.

Ryman Hospitality Properties (REIT) opened for trading at $54.67 and hit $55.14 on the upside on Monday, eventually ending the session at $54.68, with a gain of 0.07% or 0.04 points. The heightened volatility saw the trading volume jump to 1,79,108 shares. Company has a market cap of $2,789 M.

On the company’s financial health, Ryman Hospitality Properties (REIT) reported $1.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.57. The company had revenue of $293.20 million for the quarter, compared to analysts expectations of $291.57 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 $1.45 EPS.

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