Belmond Ltd. (BEL) Cut to “Sell” at Zacks Investment Research

Belmond Ltd. (NYSE:BEL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday, May 11th.

According to Zacks, “Belmond is a global collection of exceptional hotel and luxury travel adventures in some of the world’s most inspiring and enriching destinations. Established almost 40 years ago with the acquisition of Belmond Hotel Cipriani in Venice, the Company owns and operates unique and distinctive hotel, rail and river cruise experiences in many of the world’s most celebrated destinations. From city landmarks to intimate resorts, the collection includes Belmond Grand Hotel Europe, St. Petersburg; Belmond Copacabana Palace, Rio de Janeiro; Belmond Maroma Resort & Spa, Riviera Maya; and Belmond El Encanto, Santa Barbara. Belmond also encompasses safaris, six luxury tourist trains including the Venice Simplon-Orient-Express, three river cruises and ’21’, one of New York’s most storied restaurants. “

Separately, Barclays PLC set a $16.00 price target on shares of Belmond and gave the stock a “buy” rating in a report on Tuesday, February 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Belmond currently has a consensus rating of “Hold” and an average price target of $14.60.

Analyst Recommendations for Belmond (NYSE:BEL)

Belmond (NYSE:BEL) opened at 13.20 on Thursday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 69.84 and a beta of 0.92. The company’s 50-day moving average is $12.57 and its 200-day moving average is $12.93. Belmond has a 52-week low of $9.10 and a 52-week high of $14.45.

Belmond (NYSE:BEL) last posted its earnings results on Monday, May 8th. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.05. Belmond had a net margin of 3.61% and a return on equity of 1.74%. The business had revenue of $95.40 million for the quarter, compared to analysts’ expectations of $91.83 million. Equities analysts predict that Belmond will post $0.19 earnings per share for the current year.

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Large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Belmond by 38,615.7% in the first quarter. BlackRock Inc. now owns 10,125,706 shares of the company’s stock worth $122,522,000 after buying an additional 10,099,552 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Belmond by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,638,989 shares of the company’s stock worth $115,331,000 after buying an additional 22,075 shares during the period. Vanguard Group Inc. boosted its stake in Belmond by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,286,752 shares of the company’s stock valued at $88,170,000 after buying an additional 115,840 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Belmond by 6.1% in the third quarter. BlackRock Fund Advisors now owns 5,890,561 shares of the company’s stock valued at $74,869,000 after buying an additional 336,576 shares in the last quarter. Finally, New South Capital Management Inc. boosted its stake in Belmond by 0.5% in the fourth quarter. New South Capital Management Inc. now owns 4,064,457 shares of the company’s stock valued at $54,260,000 after buying an additional 19,930 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

Belmond Company Profile

Belmond Ltd. (Belmond) is a hotel company and adventure travel operator. As of December 31, 2016, Belmond owned, partially-owned and/or operated 45 properties, consisting of 34 individual deluxe hotels, 29 of which are owned (including nine under long-term lease), five European tourist trains, two cruise ships in Myanmar (one of which is under long-term charter), one French canal cruise business consisting of five small canal boats, and one stand-alone restaurant in the United States.

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