Alliancebernstein L.P. Decreases Stake in Belmond Ltd. (BEL)

Alliancebernstein L.P. cut its stake in Belmond Ltd. (NYSE:BEL) by 0.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 128,036 shares of the company’s stock after selling 192 shares during the period. Alliancebernstein L.P.’s holdings in Belmond were worth $1,549,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BEL. State of Alaska Department of Revenue boosted its stake in Belmond by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 9,330 shares of the company’s stock valued at $112,000 after buying an additional 190 shares during the period. Louisiana State Employees Retirement System boosted its stake in Belmond by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 34,400 shares of the company’s stock valued at $416,000 after buying an additional 400 shares during the period. Arizona State Retirement System increased its position in shares of Belmond by 1.1% in the first quarter. Arizona State Retirement System now owns 44,000 shares of the company’s stock worth $532,000 after buying an additional 500 shares in the last quarter. Bank of Montreal Can increased its position in shares of Belmond by 0.6% in the first quarter. Bank of Montreal Can now owns 230,898 shares of the company’s stock worth $2,794,000 after buying an additional 1,285 shares in the last quarter. Finally, Mason Street Advisors LLC increased its position in shares of Belmond by 7.1% in the first quarter. Mason Street Advisors LLC now owns 19,759 shares of the company’s stock worth $239,000 after buying an additional 1,302 shares in the last quarter. Institutional investors own 75.46% of the company’s stock.

Belmond Ltd. (NYSE:BEL) opened at 12.35 on Friday. Belmond Ltd. has a 12-month low of $10.86 and a 12-month high of $14.45. The stock has a market capitalization of $1.26 billion, a P/E ratio of 205.83 and a beta of 0.93. The firm’s 50-day moving average is $13.04 and its 200 day moving average is $12.83.

Belmond (NYSE:BEL) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. Belmond had a net margin of 1.18% and a return on equity of 3.99%. The business had revenue of $165.90 million during the quarter, compared to the consensus estimate of $168.93 million. Equities research analysts anticipate that Belmond Ltd. will post $0.17 earnings per share for the current year.

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A number of equities analysts have recently issued reports on the stock. Barclays PLC reiterated an “overweight” rating and issued a $15.00 price target (down previously from $16.00) on shares of Belmond in a report on Thursday. BidaskClub downgraded shares of Belmond from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Belmond from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Telsey Advisory Group upgraded shares of Belmond from a “market perform” rating to an “outperform” rating and increased their price target for the company from $14.00 to $16.00 in a report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.40.

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.

Institutional Ownership by Quarter for Belmond (NYSE:BEL)

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