Belmond Ltd. (BEL) Stake Decreased by Voya Investment Management LLC
Voya Investment Management LLC trimmed its holdings in Belmond Ltd. (NYSE:BEL) by 45.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,324 shares of the company’s stock after selling 34,088 shares during the quarter. Voya Investment Management LLC’s holdings in Belmond were worth $550,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Parametric Portfolio Associates LLC raised its holdings in shares of Belmond by 14.2% in the second quarter. Parametric Portfolio Associates LLC now owns 110,193 shares of the company’s stock worth $1,466,000 after buying an additional 13,743 shares during the period. California Public Employees Retirement System raised its holdings in shares of Belmond by 2.2% in the second quarter. California Public Employees Retirement System now owns 195,200 shares of the company’s stock worth $2,596,000 after buying an additional 4,200 shares during the period. Vanguard Group Inc. raised its holdings in shares of Belmond by 4.1% in the second quarter. Vanguard Group Inc. now owns 7,582,131 shares of the company’s stock worth $100,843,000 after buying an additional 295,379 shares during the period. Northern Trust Corp raised its holdings in shares of Belmond by 14.2% in the second quarter. Northern Trust Corp now owns 1,615,812 shares of the company’s stock worth $21,490,000 after buying an additional 200,717 shares during the period. Finally, Gluskin Sheff & Assoc Inc. purchased a new stake in shares of Belmond in the second quarter worth approximately $2,374,000. Hedge funds and other institutional investors own 80.01% of the company’s stock.
Several equities research analysts have recently weighed in on BEL shares. BidaskClub downgraded Belmond from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Barclays PLC reissued an “overweight” rating and issued a $15.00 price objective (down previously from $16.00) on shares of Belmond in a research note on Thursday, August 10th. Finally, Zacks Investment Research raised Belmond from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $14.67.
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Belmond Ltd. (NYSE BEL) opened at $13.10 on Friday. Belmond Ltd. has a 52 week low of $11.00 and a 52 week high of $14.45. The stock has a market capitalization of $1,340.43, a P/E ratio of 48.52 and a beta of 1.18. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 0.86.
Belmond (NYSE:BEL) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. Belmond had a return on equity of 3.99% and a net margin of 1.18%. The company had revenue of $165.90 million for the quarter, compared to analysts’ expectations of $168.93 million. analysts expect that Belmond Ltd. will post 0.12 EPS for the current year.
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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