Belmond Ltd. (BEL) Sets New 52-Week High at $12.01
Shares of Belmond Ltd. (NYSE:BEL) hit a new 52-week high during trading on Wednesday . The stock traded as high as $12.01 and last traded at $11.94, with a volume of 198,683 shares. The stock had previously closed at $11.76.
Several analysts have recently commented on the company. Deutsche Bank AG reissued a “buy” rating on shares of Belmond in a research note on Sunday, June 26th. Zacks Investment Research downgraded Belmond from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. MKM Partners raised Belmond from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $9.50 to $12.00 in a research note on Thursday, August 4th. < Barclays PLC reissued a "buy" rating and issued a $13.00 price objective on shares of Belmond in a research note on Thursday, August 11th. Finally, Telsey Advisory Group increased their price objective on Belmond from $10.00 to $11.00 and gave the stock a "market perform" rating in a research note on Friday, August 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of "Buy" and an average target price of C$12.67.
The company’s 50 day moving average price is $11.42 and its 200 day moving average price is $10.14. The firm has a market capitalization of $1.22 billion, a P/E ratio of 71.62 and a beta of 1.55.
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Belmond (NYSE:BEL) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The firm had revenue of $158.10 million for the quarter, compared to the consensus estimate of $163.25 million. Belmond had a net margin of 3.09% and a return on equity of 2.70%. On average, analysts anticipate that Belmond Ltd. will post $0.25 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System boosted its stake in Belmond by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the company’s stock valued at $383,000 after buying an additional 200 shares during the last quarter. PineBridge Investments L.P. boosted its stake in Belmond by 4.1% in the second quarter. PineBridge Investments L.P. now owns 11,074 shares of the company’s stock valued at $110,000 after buying an additional 437 shares during the last quarter. Profund Advisors LLC boosted its stake in Belmond by 2.6% in the second quarter. Profund Advisors LLC now owns 24,458 shares of the company’s stock valued at $242,000 after buying an additional 616 shares during the last quarter. Arizona State Retirement System boosted its stake in Belmond by 1.6% in the second quarter. Arizona State Retirement System now owns 45,300 shares of the company’s stock valued at $448,000 after buying an additional 700 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in Belmond by 4.0% in the second quarter. Guggenheim Capital LLC now owns 19,406 shares of the company’s stock valued at $192,000 after buying an additional 754 shares during the last quarter. 76.78% of the stock is currently owned by institutional investors and hedge funds.
Belmond Company Profile
Belmond Ltd. (Belmond), formerly Orient-Express Hotels Ltd. is a luxury hotel company and adventure travel operator. The Company owns, partially-owns and/or operates over 40 properties consisting of approximately 30 individual deluxe hotels, over one stand-alone restaurant, approximately six tourist trains and over three river/canal cruise businesses.
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