Here is What Hedge Funds Think About Ryman Hospitality Properties, Inc. (NYSE:RHP)

With all of this in mind, we’re going to review the new action encompassing Ryman Hospitality Properties, Inc. (NYSE:RHP).

At Q1’s end, a total of 27 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 17% from the previous quarter. Hirzel Capital Management, managed by Zac Hirzel, holds the largest position in Ryman Hospitality Properties, Inc. (NYSE:RHP). Hirzel Capital Management has a $57.9 million position in the stock, comprising 6% of its 13F portfolio. Sitting at the No. 2 spot is Ken Heebner of Capital Growth Management, with a $53.3 million position; 1.5% of its 13F portfolio is allocated to the stock. Other hedge funds that hold long positions contain Jay Petschek’s Corsair Capital Management, Gilchrist Berg’s Water Street Capital and D. E. Shaw’s D E Shaw.

The number of hedge funds with bullish RHP positions went up during the first quarter but the new funds added very small positions.. PDT Partners, managed by Peter Muller, initiated the most outsized position in Ryman Hospitality Properties, Inc. (NYSE:RHP). PDT Partners had $1.8 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also initiated a $0.8 million position during the quarter. The other funds with new positions in the stock are John Overdeck and David Siegel’s Two Sigma Advisors, David Costen Haley’s HBK Investments, and Jacob Gottlieb’s Visium Asset Management.

Overall, RHP isn’t one of our top ideas but we believe the positive hedge fund sentiment indicates that it is likely to outperform the market in the next 12 months.