Reinhart Partners INC Increased Ryman Hospitality Ppty Com (NYSE:RHP) by $6.53 Million as Shares Rose


Reinhart Partners Inc increased its stake in Ryman Hospitality Ppty Com (NYSE:RHP) by 26.17% based on its latest 2016Q2 regulatory filing with the SEC. Reinhart Partners Inc bought 128,092 shares as the company’s stock rose 3.17% with the market. The institutional investor held 617,617 shares of the consumer services company at the end of 2016Q2, valued at $31.80 million, up from 489,525 at the end of the previous reported quarter. Reinhart Partners Inc who had been investing in Ryman Hospitality Ppty Com for a number of months, seems to be bullish on the $2.59B market cap company. The stock is down 0.89% or $0.45 hitting $50.29, despite the positive news. About 254,044 shares traded hands or 1.55% up from the average. Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) has risen 9.26% since February 8, 2016 and is uptrending. It has underperformed by 7.23% the S&P500.

Reinhart Partners Inc, which manages about $4.85 billion and $971.51 million US Long portfolio, decreased its stake in Huntington Ingalls Ind Com (NYSE:HII) by 54,679 shares to 153,158 shares, valued at $20.97M in 2016Q2, according to the filing. It also reduced its holding in Ppl Corp (NYSE:PPL) by 155,064 shares in the quarter, leaving it with 392,678 shares, and cut its stake in Aptargroup (NYSE:ATR).

Reinhart Partners Inc is a Wisconsin-based institutional investor with more than $4.85 billion AUM in September, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Reinhart Partners latest Adv, the fund reported to have 39 full and part-time employees. Among which 23 performing investment advisory and research functions. The institutional investor had more than 5200 clients.

The institutional sentiment decreased to 1.12 in Q2 2016. Its down 0.29, from 1.41 in 2016Q1. The ratio dived, as 24 funds sold all RHP shares owned while 69 reduced positions. 30 funds bought stakes while 74 increased positions. They now own 41.76 million shares or 6.75% less from 44.78 million shares in 2016Q1.

Hamlin Capital Management Llc holds 2.98% of its portfolio in RHP for 1.22 million shares. First Dallas Securities Inc. owns 68,513 shares or 2.68% of their US portfolio. Moreover, Westport Asset Management Inc has 2.63% invested in the company for 56,177 shares. The Florida-based Ws Management Lllp has invested 2.1% in the stock. Mangrove Partners, a New York-based fund reported 149,449 shares.

Out of 3 analysts covering Ryman Hospitality Properties (NYSE:RHP), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Ryman Hospitality Properties has been the topic of 6 analyst reports since October 14, 2015 according to StockzIntelligence Inc. Citigroup maintained the stock on August 17 with “Neutral” rating.

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