New York State Common Retirement Fund lifted its holdings in shares of Belmond Ltd. (NYSE:BEL) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,676 shares of the company’s stock after purchasing an additional 9,199 shares during the period. New York State Common Retirement Fund owned 0.32% of Belmond worth $4,358,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in BEL. Louisiana State Employees Retirement System boosted its holdings in Belmond by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 34,500 shares of the company’s stock worth $459,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System boosted its holdings in Belmond by 0.5% in the second quarter. Arizona State Retirement System now owns 44,200 shares of the company’s stock worth $588,000 after acquiring an additional 200 shares in the last quarter. Texas Permanent School Fund boosted its holdings in Belmond by 1.2% in the second quarter. Texas Permanent School Fund now owns 61,885 shares of the company’s stock worth $823,000 after acquiring an additional 707 shares in the last quarter. Amalgamated Bank boosted its holdings in Belmond by 7.5% in the second quarter. Amalgamated Bank now owns 12,195 shares of the company’s stock worth $162,000 after acquiring an additional 856 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Belmond by 0.8% in the first quarter. Legal & General Group Plc now owns 156,236 shares of the company’s stock worth $1,893,000 after acquiring an additional 1,166 shares in the last quarter. Institutional investors own 79.93% of the company’s stock.
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Several research analysts have issued reports on BEL shares. Zacks Investment Research upgraded Belmond from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub raised Belmond from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Barclays PLC reissued an “overweight” rating and issued a $15.00 price objective (down from $16.00) on shares of Belmond in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $14.25.
Shares of Belmond Ltd. (BEL) opened at 12.95 on Friday. The stock has a market capitalization of $1.33 billion, a P/E ratio of 215.83 and a beta of 0.96. The company’s 50 day moving average price is $13.33 and its 200-day moving average price is $12.85. Belmond Ltd. has a 12 month low of $11.00 and a 12 month high of $14.45.
Belmond (NYSE:BEL) last announced its earnings results on Monday, August 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate 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%. Equities analysts predict that Belmond Ltd. will post $0.16 earnings per share for the current year.
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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