BidaskClub Lowers Belmond Ltd. (BEL) to Strong Sell
Belmond Ltd. (NYSE:BEL) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.
BEL has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Belmond from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Telsey Advisory Group upgraded shares of Belmond from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $14.00 to $16.00 in a report on Tuesday, June 6th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $15.00 price objective (down previously from $16.00) on shares of Belmond in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.40.
Shares of Belmond (NYSE BEL) traded up 0.41% during trading on Thursday, hitting $12.35. The stock had a trading volume of 405,266 shares. The firm has a market capitalization of $1.26 billion, a P/E ratio of 205.83 and a beta of 0.93. Belmond has a 1-year low of $10.86 and a 1-year high of $14.45. The stock’s 50-day moving average price is $12.84 and its 200 day moving average price is $12.72.
Belmond (NYSE:BEL) last released its quarterly earnings data on Monday, August 7th. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.07. The company had revenue of $165.90 million during the quarter, compared to the consensus estimate of $168.93 million. Belmond had a net margin of 1.18% and a return on equity of 3.99%. On average, analysts anticipate that Belmond will post $0.16 earnings per share for the current year.
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Hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased 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 worth $112,000 after buying an additional 190 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Belmond by 99.7% in the second quarter. Riverhead Capital Management LLC now owns 10,186 shares of the company’s stock worth $135,000 after buying an additional 5,086 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of Belmond by 99.5% in the second quarter. Flinton Capital Management LLC now owns 11,284 shares of the company’s stock worth $150,000 after buying an additional 5,628 shares in the last quarter. Amalgamated Bank increased its stake in shares of Belmond by 7.5% in the second 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. Finally, KCG Holdings Inc. purchased a new stake in shares of Belmond during the first quarter worth about $198,000. Institutional investors own 75.62% of the company’s stock.
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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