Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) was in 23 hedge funds’ portfolio at the end of the fourth quarter of 2012. RHP investors should pay attention to an increase in support from the world’s most elite money managers lately. There were 1 hedge funds in our database with RHP positions at the end of the previous quarter.
To the average investor, there are many methods investors can use to analyze their holdings. A duo of the most innovative are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best investment managers can outperform their index-focused peers by a superb margin (see just how much).
Just as integral, bullish insider trading activity is another way to break down the world of equities. Obviously, there are lots of reasons for a corporate insider to sell shares of his or her company, but only one, very clear reason why they would behave bullishly. Many academic studies have demonstrated the market-beating potential of this strategy if you know what to do (learn more here).
With these “truths” under our belt, it’s important to take a glance at the latest action regarding Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP).
How have hedgies been trading Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP)?
At the end of the fourth quarter, a total of 23 of the hedge funds we track were long in this stock, a change of 2200% from the previous quarter. With hedge funds’ sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were increasing their stakes substantially.
When looking at the hedgies we track, GAMCO Investors, managed by Mario Gabelli, holds the most valuable position in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP). GAMCO Investors has a $193 million position in the stock, comprising 1.4% of its 13F portfolio. The second largest stake is held by Paulson & Co, managed by John Paulson, which held a $165 million position; the fund has 1% of its 13F portfolio invested in the stock. Remaining peers that are bullish include Barry Rosenstein’s JANA Partners, Richard McGuire’s Marcato Capital Management and Patrick McCormack’s Tiger Consumer Management.
As one would reasonably expect, specific money managers were leading the bulls’ herd. GAMCO Investors, managed by Mario Gabelli, initiated the most outsized position in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP). GAMCO Investors had 193 million invested in the company at the end of the quarter. John Paulson’s Paulson & Co also made a $165 million investment in the stock during the quarter. The following funds were also among the new RHP investors: Barry Rosenstein’s JANA Partners, Richard McGuire’s Marcato Capital Management, and Patrick McCormack’s Tiger Consumer Management.
How are insiders trading Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP)?
Insider trading activity, especially when it’s bullish, is most useful when the company in question has seen transactions within the past six months. Over the last 180-day time frame, Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) has experienced zero unique insiders buying, and 5 insider sales (see the details of insider trades here).
With the results demonstrated by Insider Monkey’s time-tested strategies, retail investors must always pay attention to hedge fund and insider trading activity, and Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) is no exception.
Click here to learn more about Insider Monkey’s Hedge Fund Newsletter
Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.
