Alliancebernstein L.P. reduced its stake in shares of Belmond Ltd. (NYSE:BEL) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 reporting period.
Several other hedge funds have also made changes to their positions in the stock. Arizona State Retirement System increased its position in 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 during the period. KBC Group NV increased its position in Belmond by 7.4% in the first quarter. KBC Group NV now owns 48,116 shares of the company’s stock worth $582,000 after buying an additional 3,315 shares during the period. Comerica Bank increased its position in Belmond by 6.6% in the fourth quarter. Comerica Bank now owns 76,775 shares of the company’s stock worth $1,013,000 after buying an additional 4,769 shares during the period. Gamco Investors INC. ET AL increased its position in Belmond by 1.3% in the first quarter. Gamco Investors INC. ET AL now owns 618,000 shares of the company’s stock worth $7,478,000 after buying an additional 8,000 shares during the period. Finally, First Trust Advisors LP bought a new position in shares of Belmond during the first quarter worth approximately $1,234,000. Institutional investors own 75.62% of the company’s stock.
Belmond Ltd. (NYSE:BEL) traded down 1.59% during trading on Friday, reaching $12.35. 1,476,482 shares of the company’s stock traded hands. The company has a market cap of $1.26 billion, a P/E ratio of 205.83 and a beta of 0.93. Belmond Ltd. has a 12 month low of $10.86 and a 12 month high of $14.45. The firm’s 50 day moving average is $12.95 and its 200 day moving average is $12.78.
Belmond (NYSE:BEL) last released its earnings results on Monday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $165.90 million for the quarter, compared to the consensus estimate of $168.93 million. Analysts anticipate that Belmond Ltd. will post $0.17 EPS for the current year.
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A number of brokerages have commented on BEL. BidaskClub raised Belmond from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Zacks Investment Research raised Belmond from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. Barclays PLC reissued an “overweight” rating and set a $15.00 target price (down previously from $16.00) on shares of Belmond in a report on Thursday, August 10th. Finally, Telsey Advisory Group raised Belmond from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $14.00 to $16.00 in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.40.
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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