Teachers Retirement System of The State of Kentucky maintained its position in shares of Belmond Ltd. (NYSE:BEL) during the first quarter, Holdings Channel reports. The institutional investor owned 23,200 shares of the company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Belmond were worth $281,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its stake in shares of Belmond by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 9,330 shares of the company’s stock worth $112,000 after buying an additional 190 shares during the period. KCG Holdings Inc. acquired a new stake in shares of Belmond during the first quarter valued at $198,000. BNP Paribas Arbitrage SA increased its stake in shares of Belmond by 12.9% in the first quarter. BNP Paribas Arbitrage SA now owns 19,288 shares of the company’s stock valued at $233,000 after buying an additional 2,206 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of Belmond by 7.1% in the first quarter. Mason Street Advisors LLC now owns 19,759 shares of the company’s stock valued at $239,000 after buying an additional 1,302 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Belmond during the first quarter valued at $289,000. 75.46% of the stock is owned by institutional investors.
Belmond Ltd. (BEL) traded down 3.307% on Thursday, reaching $12.425. The company’s stock had a trading volume of 98,082 shares. Belmond Ltd. has a 52 week low of $10.86 and a 52 week high of $14.45. The company has a 50 day moving average of $13.07 and a 200 day moving average of $12.84. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 207.083 and a beta of 0.93.
Belmond (NYSE:BEL) last announced 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 for the quarter, compared to analyst estimates of $168.93 million. Belmond had a return on equity of 3.99% and a net margin of 1.18%. On average, analysts forecast that Belmond Ltd. will post $0.18 earnings per share for the current year.
Several brokerages have recently weighed in on BEL. BidaskClub downgraded Belmond from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Belmond from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Telsey Advisory Group upgraded Belmond from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $14.00 to $16.00 in a report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target 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.
Want to see what other hedge funds are holding BEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Belmond Ltd. (NYSE:BEL).
Receive News & Ratings for Belmond Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belmond Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.