Citigroup Inc. Buys 6,379 Shares of Belmond Ltd. (BEL)
Citigroup Inc. grew its stake in shares of Belmond Ltd. (NYSE:BEL) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,991 shares of the company’s stock after purchasing an additional 6,379 shares during the quarter. Citigroup Inc. owned approximately 0.07% of Belmond worth $984,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. New York State Common Retirement Fund grew its holdings in shares of Belmond by 2.9% during the second quarter. New York State Common Retirement Fund now owns 327,676 shares of the company’s stock valued at $4,358,000 after purchasing an additional 9,199 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Belmond by 6.0% during the second quarter. Thrivent Financial For Lutherans now owns 50,990 shares of the company’s stock valued at $678,000 after purchasing an additional 2,900 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of Belmond by 12.6% during the second quarter. Profund Advisors LLC now owns 16,659 shares of the company’s stock valued at $222,000 after purchasing an additional 1,863 shares during the last quarter. Impala Asset Management LLC grew its holdings in shares of Belmond by 12.0% during the second quarter. Impala Asset Management LLC now owns 713,474 shares of the company’s stock valued at $9,489,000 after purchasing an additional 76,703 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Belmond by 7.5% during the second quarter. Amalgamated Bank now owns 12,195 shares of the company’s stock valued at $162,000 after purchasing an additional 856 shares during the last quarter. 75.83% of the stock is owned by institutional investors.
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Belmond Ltd. (BEL) opened at 14.05 on Friday. The stock’s 50 day moving average price is $12.89 and its 200 day moving average price is $12.70. The firm has a market capitalization of $1.44 billion, a P/E ratio of 234.17 and a beta of 0.96. Belmond Ltd. has a 12 month low of $11.00 and a 12 month high of $14.45.
Belmond (NYSE:BEL) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $165.90 million during the quarter, compared to analyst estimates of $168.93 million. Belmond had a net margin of 1.18% and a return on equity of 3.99%. On average, analysts forecast that Belmond Ltd. will post $0.18 earnings per share for the current year.
Several equities analysts have recently issued reports on BEL shares. BidaskClub upgraded Belmond from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded Belmond from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Barclays PLC reiterated an “overweight” rating and set a $15.00 price objective (down from $16.00) on shares of Belmond in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.25.
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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