Forward Management LLC Raises Holdings in Belmond Ltd. (BEL)
Forward Management LLC boosted its position in shares of Belmond Ltd. (NYSE:BEL) by 7.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 218,300 shares of the company’s stock after acquiring an additional 14,500 shares during the quarter. Forward Management LLC owned about 0.21% of Belmond worth $2,980,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Riverhead Capital Management LLC lifted its holdings in shares of Belmond by 99.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,186 shares of the company’s stock valued at $135,000 after buying an additional 5,086 shares during the period. Flinton Capital Management LLC lifted its holdings in shares of Belmond by 99.5% in the 2nd quarter. Flinton Capital Management LLC now owns 11,284 shares of the company’s stock valued at $150,000 after buying an additional 5,628 shares during the period. Amalgamated Bank lifted its holdings in shares of Belmond by 7.5% in the 2nd quarter. Amalgamated Bank now owns 12,195 shares of the company’s stock valued at $162,000 after buying an additional 856 shares during the period. KCG Holdings Inc. acquired a new position in shares of Belmond in the 1st quarter valued at about $198,000. Finally, Verition Fund Management LLC acquired a new position in shares of Belmond in the 2nd quarter valued at about $208,000. 80.02% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on BEL. Barclays PLC reissued an “overweight” rating and issued a $15.00 price objective (down previously from $16.00) on shares of Belmond in a report on Thursday, August 10th. BidaskClub lowered Belmond from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research upgraded Belmond from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Belmond currently has an average rating of “Hold” and a consensus target price of $14.67.
Belmond Ltd. (NYSE:BEL) remained flat at $$13.10 during trading hours on Monday. The company had a trading volume of 285,816 shares, compared to its average volume of 320,384. Belmond Ltd. has a 52-week low of $11.00 and a 52-week high of $14.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.08. The company has a market capitalization of $1,340.43, a PE ratio of 48.52 and a beta of 1.18.
Belmond (NYSE:BEL) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.19 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 analyst estimates of $168.93 million. equities research analysts anticipate that Belmond Ltd. will post 0.12 EPS for the current year.
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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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