Gamco Investors INC. ET AL cut its holdings in shares of Belmond Ltd (NYSE:BEL) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 622,308 shares of the company’s stock after selling 7,492 shares during the period. Gamco Investors INC. ET AL owned approximately 0.60% of Belmond worth $11,357,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Gabelli Funds LLC lifted its holdings in Belmond by 1.2% during the second quarter. Gabelli Funds LLC now owns 338,000 shares of the company’s stock worth $3,769,000 after acquiring an additional 4,000 shares in the last quarter. KBC Group NV raised its stake in shares of Belmond by 36.0% in the 2nd quarter. KBC Group NV now owns 24,188 shares of the company’s stock valued at $270,000 after purchasing an additional 6,402 shares during the period. Arizona State Retirement System raised its stake in shares of Belmond by 6.3% in the 3rd quarter. Arizona State Retirement System now owns 129,940 shares of the company’s stock valued at $2,371,000 after purchasing an additional 7,753 shares during the period. Legal & General Group Plc raised its stake in shares of Belmond by 5.6% in the 2nd quarter. Legal & General Group Plc now owns 182,191 shares of the company’s stock valued at $2,000,000 after purchasing an additional 9,586 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Belmond by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 643,570 shares of the company’s stock valued at $7,176,000 after purchasing an additional 15,609 shares during the period. Hedge funds and other institutional investors own 83.12% of the company’s stock.
BEL opened at $18.24 on Friday. Belmond Ltd has a 1 year low of $10.30 and a 1 year high of $19.36. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 64.65, a PEG ratio of 6.58 and a beta of 1.48. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.45 and a current ratio of 1.31.
Belmond (NYSE:BEL) last released its quarterly earnings results on Tuesday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.06. Belmond had a positive return on equity of 4.42% and a negative net margin of 5.88%. The firm had revenue of $193.20 million for the quarter, compared to the consensus estimate of $193.78 million. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts expect that Belmond Ltd will post 0.25 EPS for the current fiscal year.
Several analysts have issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a $22.00 price target on shares of Belmond in a research note on Thursday. Zacks Investment Research raised Belmond from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Monday, November 5th. ValuEngine raised Belmond from a “hold” rating to a “buy” rating in a research note on Thursday, August 9th. Finally, Deutsche Bank lifted their price target on Belmond to $17.00 and gave the company a “hold” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.50.
Belmond Ltd. engages in the hotel and travel businesses. As of December 31, 2017, the company owned, invested in, or managed 36 deluxe hotels and resort properties in the United States, Mexico, The Caribbean, Europe, Southern Africa, South America, and Southeast Asia; 1 stand-alone restaurant in New York; 7 tourist trains in Europe, Southeast Asia, and Peru; 1 river cruise in Myanmar; and 1 canal boat business in France.
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