Belmond Ltd. (NYSE:BEL) Stake Held by Granite Investment Partners LLC
Granite Investment Partners LLC maintained its position in Belmond Ltd. (NYSE:BEL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,508 shares of the company’s stock at the end of the second quarter. Granite Investment Partners LLC’s holdings in Belmond were worth $299,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of BEL. State of Alaska Department of Revenue increased its position in 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 during the period. KCG Holdings Inc. bought a new position in Belmond during the first quarter worth approximately $198,000. BNP Paribas Arbitrage SA increased its position in Belmond by 12.9% in the first quarter. BNP Paribas Arbitrage SA now owns 19,288 shares of the company’s stock worth $233,000 after buying an additional 2,206 shares during the period. Mason Street Advisors LLC increased its position in Belmond by 7.1% in the first quarter. Mason Street Advisors LLC now owns 19,759 shares of the company’s stock worth $239,000 after buying an additional 1,302 shares during the period. Finally, Trexquant Investment LP bought a new position in Belmond during the first quarter worth approximately $289,000. 75.62% of the stock is owned by institutional investors and hedge funds.
Belmond Ltd. (BEL) opened at 12.55 on Tuesday. Belmond Ltd. has a 52 week low of $10.86 and a 52 week high of $14.45. The firm’s 50-day moving average price is $13.03 and its 200 day moving average price is $12.80. The firm has a market cap of $1.28 billion, a P/E ratio of 209.17 and a beta of 0.93.
Belmond (NYSE:BEL) last released its quarterly earnings results on Monday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. Belmond had a return on equity of 3.99% and a net margin of 1.18%. The firm had revenue of $165.90 million for the quarter, compared to analysts’ expectations of $168.93 million. Equities analysts forecast that Belmond Ltd. will post $0.17 earnings per share for the current fiscal year.
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A number of research firms recently commented on BEL. Barclays PLC reaffirmed an “overweight” rating and issued a $15.00 price target (down previously from $16.00) on shares of Belmond in a research note on Thursday, August 10th. BidaskClub downgraded Belmond from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded Belmond from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th. Finally, Telsey Advisory Group raised Belmond from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $14.00 to $16.00 in a research note on Tuesday, June 6th. One investment 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 stock currently has an average rating of “Hold” and an average target price of $14.40.
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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