Shares of Belmond Ltd. (NYSE:BEL) have earned an average rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $14.25.
BEL has been the subject of several analyst reports. BidaskClub downgraded shares of Belmond from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Barclays PLC reaffirmed an “overweight” rating and set a $15.00 price objective (down from $16.00) on shares of Belmond in a report on Thursday, August 10th. Finally, Zacks Investment Research raised shares of Belmond from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th.
Belmond (NYSE BEL) traded down 0.38% during midday trading on Wednesday, reaching $13.15. The company’s stock had a trading volume of 246,480 shares. The stock has a 50-day moving average price of $13.38 and a 200 day moving average price of $12.88. Belmond has a 12 month low of $11.00 and a 12 month high of $14.45. The company has a market cap of $1.35 billion, a PE ratio of 219.17 and a beta of 0.96.
Belmond (NYSE:BEL) last announced its quarterly earnings results on Monday, August 7th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $165.90 million during the quarter, compared to the consensus estimate of $168.93 million. Analysts expect that Belmond will post $0.16 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of BEL. Riverhead Capital Management LLC lifted its stake in Belmond by 99.7% in the second quarter. Riverhead Capital Management LLC now owns 10,186 shares of the company’s stock worth $135,000 after purchasing an additional 5,086 shares during the last quarter. Flinton Capital Management LLC increased its position in shares of Belmond by 99.5% in the second quarter. Flinton Capital Management LLC now owns 11,284 shares of the company’s stock valued at $150,000 after acquiring an additional 5,628 shares during the period. Amalgamated Bank increased its position in shares of Belmond by 7.5% in the second quarter. Amalgamated Bank now owns 12,195 shares of the company’s stock valued at $162,000 after acquiring an additional 856 shares during the period. KCG Holdings Inc. purchased a new position in shares of Belmond in the first quarter valued at about $198,000. Finally, Verition Fund Management LLC purchased a new position in shares of Belmond in the second quarter valued at about $208,000. 80.01% of the stock is owned by institutional investors and hedge funds.
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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