Neuberger Berman Group LLC Acquires Shares of 119,270 Belmond Ltd. (BEL)
Neuberger Berman Group LLC acquired a new stake in Belmond Ltd. (NYSE:BEL) during the second quarter, according to its most recent filing with the SEC. The firm acquired 119,270 shares of the company’s stock, valued at approximately $1,586,000. Neuberger Berman Group LLC owned about 0.12% of Belmond at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of BEL. BlackRock Inc. grew its position in Belmond by 38,615.7% in the 1st quarter. BlackRock Inc. now owns 10,125,706 shares of the company’s stock valued at $122,522,000 after buying an additional 10,099,552 shares during the last quarter. Renaissance Technologies LLC grew its position in Belmond by 82.1% in the 1st quarter. Renaissance Technologies LLC now owns 419,273 shares of the company’s stock valued at $5,073,000 after buying an additional 189,023 shares during the last quarter. Impala Asset Management LLC grew its position in Belmond by 42.0% in the 1st quarter. Impala Asset Management LLC now owns 636,771 shares of the company’s stock valued at $7,705,000 after buying an additional 188,456 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Belmond in the 2nd quarter valued at $2,301,000. Finally, Goldman Sachs Group Inc. grew its position in Belmond by 106.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 309,677 shares of the company’s stock valued at $3,747,000 after buying an additional 159,878 shares during the last quarter. Hedge funds and other institutional investors own 75.83% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Telsey Advisory Group upgraded shares of Belmond from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $14.00 to $16.00 in a research report on Tuesday, June 6th. Barclays PLC reiterated an “overweight” rating and issued a $15.00 price objective (down from $16.00) on shares of Belmond in a research report on Thursday, August 10th. BidaskClub lowered shares of Belmond from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of Belmond from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.40.
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Shares of Belmond Ltd. (BEL) opened at 12.70 on Friday. The firm has a market cap of $1.30 billion, a P/E ratio of 211.67 and a beta of 0.95. Belmond Ltd. has a 12-month low of $11.00 and a 12-month high of $14.45. The firm has a 50-day moving average price of $12.64 and a 200-day moving average price of $12.58.
Belmond (NYSE:BEL) last released its quarterly earnings results on Monday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $165.90 million during the quarter, compared to analysts’ expectations of $168.93 million. On average, equities research analysts expect that Belmond Ltd. will post $0.18 earnings per share for the current fiscal year.
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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