Wellington Shields & Co. LLC grew its stake in shares of Belmond Ltd (NYSE:BEL) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 162,200 shares of the company’s stock after acquiring an additional 5,200 shares during the period. Belmond accounts for approximately 1.1% of Wellington Shields & Co. LLC’s holdings, making the stock its 28th largest position. Wellington Shields & Co. LLC’s holdings in Belmond were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Gamco Investors INC. ET AL boosted its stake in shares of Belmond by 0.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 660,900 shares of the company’s stock valued at $8,096,000 after purchasing an additional 4,500 shares during the period. Mutual of America Capital Management LLC boosted its stake in shares of Belmond by 2.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 376,162 shares of the company’s stock valued at $4,608,000 after purchasing an additional 10,774 shares during the period. Cambiar Investors LLC purchased a new stake in shares of Belmond during the fourth quarter valued at $483,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Belmond by 9.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 411,834 shares of the company’s stock valued at $5,045,000 after purchasing an additional 36,231 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in shares of Belmond by 187.8% during the third quarter. Neuberger Berman Group LLC now owns 343,230 shares of the company’s stock valued at $4,685,000 after purchasing an additional 223,960 shares during the period. 80.88% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Belmond from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. Deutsche Bank lowered their target price on shares of Belmond from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $14.33.
Belmond (NYSE:BEL) last released its quarterly earnings data on Monday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). Belmond had a positive return on equity of 2.84% and a negative net margin of 1.52%. analysts anticipate that Belmond Ltd will post 0.13 EPS for the current year.
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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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