Royce & Associates LP Decreases Position in Belmond Ltd. (BEL)
Royce & Associates LP decreased its stake in shares of Belmond Ltd. (NYSE:BEL) by 5.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,271,170 shares of the company’s stock after selling 75,000 shares during the period. Royce & Associates LP owned about 1.24% of Belmond worth $16,907,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Bank of Montreal Can boosted its stake in shares of Belmond by 0.6% in the first quarter. Bank of Montreal Can now owns 230,898 shares of the company’s stock valued at $2,794,000 after buying an additional 1,285 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Belmond by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 34,400 shares of the company’s stock valued at $416,000 after buying an additional 400 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Belmond by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 9,330 shares of the company’s stock valued at $112,000 after buying an additional 190 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Belmond during the first quarter valued at approximately $1,234,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Belmond by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 2,773,697 shares of the company’s stock valued at $33,561,000 after buying an additional 78,911 shares during the last quarter. Institutional investors and hedge funds own 75.83% of the company’s stock.
Belmond Ltd. (NYSE BEL) opened at 12.50 on Thursday. Belmond Ltd. has a 1-year low of $10.86 and a 1-year high of $14.45. The company has a 50 day moving average of $12.84 and a 200 day moving average of $12.72. The firm has a market capitalization of $1.28 billion, a PE ratio of 208.33 and a beta of 0.93.
Belmond (NYSE:BEL) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. The firm had revenue of $165.90 million during the quarter, compared to the consensus estimate of $168.93 million. Belmond had a return on equity of 3.99% and a net margin of 1.18%. Analysts forecast that Belmond Ltd. will post $0.19 EPS for the current year.
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BEL has been the subject of several research reports. Zacks Investment Research cut shares of Belmond from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th. Telsey Advisory Group upgraded shares of Belmond from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $14.00 to $16.00 in a research note on Tuesday, June 6th. BidaskClub upgraded shares of Belmond from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Barclays PLC restated an “overweight” rating and set a $15.00 price objective (down from $16.00) on shares of Belmond in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Belmond presently has an average rating of “Hold” and an average price target of $14.40.
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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