First Trust Advisors LP purchased a new position in shares of Belmond Ltd. (NYSE:BEL) during the second quarter, Holdings Channel reports. The institutional investor purchased 35,324 shares of the company’s stock, valued at approximately $350,000.
Other large investors have also recently bought and sold shares of the company. Texas Permanent School Fund bought a new stake in shares of Belmond during the first quarter valued at $663,000. Nisa Investment Advisors L.L.C. increased its stake in shares of Belmond by 722.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 108,040 shares of the company’s stock valued at $1,025,000 after buying an additional 94,900 shares during the last quarter. Pacad Investment Ltd. bought a new stake in shares of Belmond during the first quarter valued at $203,000. Teachers Advisors Inc. increased its stake in shares of Belmond by 7.5% in the first quarter. Teachers Advisors Inc. now owns 1,250,402 shares of the company’s stock valued at $11,866,000 after buying an additional 87,539 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Belmond by 452.3% in the first quarter. Prudential Financial Inc. now owns 264,974 shares of the company’s stock valued at $2,515,000 after buying an additional 217,000 shares during the last quarter. 76.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Belmond Ltd. (NYSE:BEL) traded up 1.06% during mid-day trading on Friday, reaching $12.39. The company’s stock had a trading volume of 59,284 shares. The stock has a market capitalization of $1.26 billion, a P/E ratio of 74.19 and a beta of 1.51. Belmond Ltd. has a 12 month low of $7.31 and a 12 month high of $12.86. The company has a 50 day moving average price of $11.91 and a 200 day moving average price of $10.49.
Belmond (NYSE:BEL) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $158.10 million for the quarter, compared to the consensus estimate of $163.25 million. Belmond had a return on equity of 2.70% and a net margin of 3.09%. On average, equities research analysts anticipate that Belmond Ltd. will post $0.25 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on BEL. Zacks Investment Research downgraded Belmond from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Telsey Advisory Group boosted their price target on Belmond from $10.00 to $11.00 and gave the stock a “market perform” rating in a research note on Friday, August 5th. Deutsche Bank AG boosted their price target on Belmond from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. MKM Partners upgraded Belmond from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $9.50 to $12.00 in a research note on Thursday, August 4th. < Finally, Barclays PLC reiterated a "buy" rating and issued a $13.00 price target on shares of Belmond in a research note on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Belmond presently has an average rating of "Buy" and an average price target of C$12.67.
Belmond Ltd. (Belmond), formerly Orient-Express Hotels Ltd. is a luxury hotel company and adventure travel operator. The Company owns, partially-owns and/or operates over 40 properties consisting of approximately 30 individual deluxe hotels, over one stand-alone restaurant, approximately six tourist trains and over three river/canal cruise businesses.
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