Forward Management LLC maintained its stake in shares of Belmond Ltd. (NYSE:BEL) during the second quarter, Holdings Channel reports. The firm owned 203,800 shares of the company’s stock at the end of the second quarter. Forward Management LLC’s holdings in Belmond were worth $2,711,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Belmond by 38,615.7% in the first 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 period. Vanguard Group Inc. raised its stake in Belmond by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,286,752 shares of the company’s stock worth $88,170,000 after buying an additional 115,840 shares during the last quarter. Hosking Partners LLP raised its stake in Belmond by 9.9% in the first quarter. Hosking Partners LLP now owns 3,314,625 shares of the company’s stock worth $40,107,000 after buying an additional 299,323 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Belmond by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 2,773,697 shares of the company’s stock worth $33,561,000 after buying an additional 78,911 shares during the last quarter. Finally, State Street Corp raised its stake in Belmond by 5.5% in the first quarter. State Street Corp now owns 1,979,026 shares of the company’s stock worth $23,949,000 after buying an additional 102,429 shares during the last quarter. 75.46% of the stock is currently owned by institutional investors and hedge funds.
Shares of Belmond Ltd. (NYSE:BEL) opened at 12.85 on Thursday. The stock’s 50 day moving average price is $13.07 and its 200-day moving average price is $12.84. Belmond Ltd. has a 12-month low of $10.86 and a 12-month high of $14.45. The firm has a market capitalization of $1.31 billion, a P/E ratio of 67.99 and a beta of 0.93.
Belmond (NYSE:BEL) last issued its earnings results on Monday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts expect that Belmond Ltd. will post $0.18 EPS for the current year.
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A number of equities research analysts recently issued reports on the company. BidaskClub raised Belmond from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Zacks Investment Research raised Belmond from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, Telsey Advisory Group raised Belmond from a “market perform” rating to an “outperform” rating and upped their target price for the company 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 assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.60.
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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