Bank of New York Mellon Corp decreased its position in Belmond Ltd (NYSE:BEL) by 36.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,697,382 shares of the company’s stock after selling 977,780 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.65% of Belmond worth $18,924,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Belmond in the second quarter worth about $198,000. KBC Group NV increased its position in Belmond by 36.0% in the second quarter. KBC Group NV now owns 24,188 shares of the company’s stock worth $270,000 after buying an additional 6,402 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Belmond by 212.8% during the second quarter. SG Americas Securities LLC now owns 29,411 shares of the company’s stock worth $328,000 after purchasing an additional 20,009 shares in the last quarter. Putnam Investments LLC purchased a new stake in shares of Belmond during the second quarter worth about $1,036,000. Finally, Millennium Management LLC grew its position in shares of Belmond by 81.1% during the second quarter. Millennium Management LLC now owns 108,960 shares of the company’s stock worth $1,215,000 after purchasing an additional 48,803 shares in the last quarter. 81.65% of the stock is currently owned by institutional investors.
Several research firms recently issued reports on BEL. Jefferies Financial Group reiterated a “buy” rating and set a $22.00 target price on shares of Belmond in a research report on Thursday, November 8th. ValuEngine upgraded Belmond from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. Zacks Investment Research cut Belmond from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Finally, Deutsche Bank increased their target price on Belmond to $17.00 and gave the stock a “hold” rating in a research report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.50.
NYSE:BEL opened at $18.20 on Monday. The stock has a market cap of $1.87 billion, a P/E ratio of 151.67, a price-to-earnings-growth ratio of 4.04 and a beta of 1.48. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.31 and a quick ratio of 1.20. Belmond Ltd has a 12-month low of $10.30 and a 12-month high of $19.36.
Belmond (NYSE:BEL) last released its quarterly earnings results on Tuesday, November 6th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06. The business had revenue of $193.20 million during the quarter, compared to analysts’ expectations of $193.78 million. Belmond had a positive return on equity of 4.42% and a negative net margin of 5.88%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, research analysts anticipate that Belmond Ltd will post 0.3 EPS for the current year.
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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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