FMR LLC & Abigail Johnson Report 6.02% Stake in Ryman Hospitality
Ticker: RHP · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1040829
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, equity-stake
TL;DR
**FMR LLC and Abigail Johnson still own over 6% of Ryman Hospitality, showing continued institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Ryman Hospitality Properties, Inc. (NYSE:RHP). As of February 9, 2024, they collectively beneficially own 3,594,904 shares of common stock, representing 6.020% of the company. This filing indicates a slight adjustment in their reported holdings, which matters to investors as it shows a significant institutional holder's continued, albeit slightly modified, confidence in Ryman Hospitality, a company known for its entertainment and hospitality properties like the Gaylord Hotels.
Why It Matters
This filing shows that a major institutional investor and its top executive maintain a substantial position in Ryman Hospitality, signaling their ongoing belief in the company's value and future prospects.
Risk Assessment
Risk Level: low — This is an amendment to an existing filing, indicating a routine update to a significant, but not new, ownership stake, posing minimal immediate risk.
Analyst Insight
Investors should note that a major institutional holder, FMR LLC, and its principal, Abigail P. Johnson, continue to hold a substantial stake in Ryman Hospitality Properties, Inc. This indicates ongoing institutional confidence, which could be a positive signal, but the filing itself is a routine update and doesn't suggest immediate action beyond monitoring future filings for significant changes in ownership.
Key Numbers
- 3,594,904 — Shares Beneficially Owned (Represents the total common stock shares of Ryman Hospitality Properties, Inc. held by FMR LLC and Abigail P. Johnson.)
- 6.020% — Percent of Class (Indicates the percentage of Ryman Hospitality Properties, Inc.'s common stock owned by FMR LLC and Abigail P. Johnson, showing a significant stake.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- Ryman Hospitality Properties, Inc. (company) — the issuer of the common stock
- 3,594,904 (dollar_amount) — total shares beneficially owned
- 6.020% (dollar_amount) — percentage of class owned
Forward-Looking Statements
- FMR LLC will maintain a significant, long-term stake in Ryman Hospitality Properties, Inc. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What is the total number of shares of Ryman Hospitality Properties, Inc. common stock beneficially owned by the reporting persons?
According to Item 4(a) and Item 9 for both FMR LLC and Abigail P. Johnson, the total amount beneficially owned is 3,594,904 shares.
What percentage of Ryman Hospitality Properties, Inc.'s common stock do the reporting persons collectively own?
Item 4(b) and Item 11 for both FMR LLC and Abigail P. Johnson state that they collectively own 6.020% of the class.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box at the beginning of the filing and in Item 3.
What is the CUSIP number for Ryman Hospitality Properties, Inc. common stock?
The CUSIP number for Ryman Hospitality Properties, Inc. common stock is 78377T107, as listed in Item 2(e) and at the top of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding Ryman Hospitality Properties, Inc. (RHP).