Arizona State Retirement System boosted its holdings in shares of Belmond Ltd (NYSE:BEL) by 224.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 141,044 shares of the company’s stock after purchasing an additional 97,544 shares during the period. Arizona State Retirement System owned about 0.14% of Belmond worth $1,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Belmond in the third quarter valued at $286,000. Crossmark Global Holdings Inc. purchased a new position in Belmond in the third quarter valued at $308,000. Teacher Retirement System of Texas purchased a new position in Belmond in the fourth quarter valued at $368,000. Municipal Employees Retirement System of Michigan increased its holdings in Belmond by 45.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 38,140 shares of the company’s stock valued at $521,000 after buying an additional 11,850 shares in the last quarter. Finally, Cambiar Investors LLC purchased a new position in Belmond in the fourth quarter valued at $483,000. Institutional investors own 81.71% of the company’s stock.
A number of research firms have weighed in on BEL. Zacks Investment Research cut shares of Belmond from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. ValuEngine cut shares of Belmond from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Belmond presently has a consensus rating of “Hold” and an average price target of $14.33.
Belmond (NYSE:BEL) last released its quarterly earnings data on Monday, February 26th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Belmond had a negative net margin of 8.01% and a positive return on equity of 1.73%. The firm had revenue of $117.30 million during the quarter, compared to analysts’ expectations of $127.62 million. equities research analysts expect that Belmond Ltd will post 0.17 EPS for the current fiscal year.
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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.
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