Citadel Advisors LLC decreased its position in shares of Belmond Ltd (NYSE:BEL) by 71.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,171 shares of the company’s stock after selling 25,454 shares during the quarter. Citadel Advisors LLC’s holdings in Belmond were worth $139,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Arizona State Retirement System lifted its holdings in Belmond by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 44,200 shares of the company’s stock worth $588,000 after buying an additional 200 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Belmond by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 61,885 shares of the company’s stock worth $823,000 after buying an additional 707 shares in the last quarter. Amalgamated Bank lifted 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 buying an additional 856 shares in the last quarter. Aperio Group LLC lifted its holdings in Belmond by 5.4% during the 2nd quarter. Aperio Group LLC now owns 32,702 shares of the company’s stock worth $435,000 after buying an additional 1,671 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in Belmond by 6.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 26,290 shares of the company’s stock worth $349,000 after buying an additional 1,680 shares in the last quarter. 81.09% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on BEL shares. Deutsche Bank reduced their price objective on Belmond from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. BidaskClub cut shares of Belmond from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Belmond currently has a consensus rating of “Hold” and an average price target of $14.33.

Shares of Belmond Ltd (BEL) opened at $12.35 on Monday. The company has a market cap of $1,263.89, a price-to-earnings ratio of 65.00 and a beta of 1.16. Belmond Ltd has a 1 year low of $11.00 and a 1 year high of $14.45. The company has a current ratio of 1.92, a quick ratio of 1.77 and a debt-to-equity ratio of 0.96.

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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.

Institutional Ownership by Quarter for Belmond (NYSE:BEL)

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