ValuEngine Downgrades Belmond (BEL) to Sell
ValuEngine cut shares of Belmond (NYSE:BEL) from a hold rating to a sell rating in a research report report published on Thursday morning.
A number of other research analysts have also weighed in on the company. Deutsche Bank reduced their target price on Belmond from $13.00 to $12.00 and set a hold rating for the company in a report on Wednesday, November 8th. Zacks Investment Research lowered Belmond from a hold rating to a sell rating in a report on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $14.33.
Belmond (NYSE BEL) opened at $11.45 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.81 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $1,172.42, a PE ratio of 95.42 and a beta of 1.25. Belmond has a twelve month low of $11.00 and a twelve month high of $14.20.
A number of hedge funds have recently bought and sold shares of the business. Flinton Capital Management LLC grew its holdings in Belmond by 31.3% during the 4th quarter. Flinton Capital Management LLC now owns 17,052 shares of the company’s stock valued at $209,000 after buying an additional 4,060 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Belmond by 0.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 660,900 shares of the company’s stock valued at $8,096,000 after buying an additional 4,500 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Belmond by 7.6% during the second quarter. The Manufacturers Life Insurance Company now owns 66,503 shares of the company’s stock worth $885,000 after purchasing an additional 4,696 shares in the last quarter. Jefferies Group LLC grew its holdings in shares of Belmond by 28.0% during the fourth quarter. Jefferies Group LLC now owns 21,572 shares of the company’s stock worth $264,000 after purchasing an additional 4,719 shares in the last quarter. Finally, Wellington Shields & Co. LLC grew its holdings in shares of Belmond by 3.3% during the fourth quarter. Wellington Shields & Co. LLC now owns 162,200 shares of the company’s stock worth $1,987,000 after purchasing an additional 5,200 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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