Schwab Charles Investment Management Inc. Has $5.13 Million Stake in Belmond Ltd (BEL)

Schwab Charles Investment Management Inc. lifted its position in Belmond Ltd (NYSE:BEL) by 5.6% during the 3rd quarter, Holdings Channel reports. The firm owned 375,603 shares of the company’s stock after buying an additional 19,952 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Belmond were worth $5,127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BEL. Riverhead Capital Management LLC grew its holdings in Belmond by 99.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 10,186 shares of the company’s stock worth $135,000 after acquiring an additional 5,086 shares during the last quarter. Flinton Capital Management LLC grew its holdings in Belmond by 99.5% during the 2nd quarter. Flinton Capital Management LLC now owns 11,284 shares of the company’s stock worth $150,000 after acquiring an additional 5,628 shares during the last quarter. Amalgamated Bank grew its holdings in Belmond by 7.5% during the 2nd quarter. Amalgamated Bank now owns 12,195 shares of the company’s stock worth $162,000 after acquiring an additional 856 shares during the last quarter. Verition Fund Management LLC bought a new stake in Belmond during the 2nd quarter worth about $208,000. Finally, Profund Advisors LLC grew its holdings in Belmond by 12.6% during the 2nd quarter. Profund Advisors LLC now owns 16,659 shares of the company’s stock worth $222,000 after acquiring an additional 1,863 shares during the last quarter. 81.07% of the stock is currently owned by institutional investors and hedge funds.

Belmond Ltd (BEL) opened at $12.30 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.77 and a debt-to-equity ratio of 0.96. Belmond Ltd has a 52-week low of $11.00 and a 52-week high of $14.45. The stock has a market cap of $1,490.00, a PE ratio of -123.00 and a beta of 1.15.

Separately, Deutsche Bank decreased their price objective on shares of Belmond from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Belmond presently has an average rating of “Hold” and a consensus price target of $14.33.

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Belmond 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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Institutional Ownership by Quarter for Belmond (NYSE:BEL)

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