State Street Corp boosted its holdings in shares of Belmond Ltd. (NYSE:BEL) by 6.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,098,452 shares of the company’s stock after purchasing an additional 119,426 shares during the period. State Street Corp owned about 2.05% of Belmond worth $27,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of BEL. BlackRock Inc. lifted its position in Belmond by 38,615.7% during the first quarter. BlackRock Inc. now owns 10,125,706 shares of the company’s stock valued at $122,522,000 after purchasing an additional 10,099,552 shares during the period. Southeastern Asset Management Inc. TN lifted its position in Belmond by 90.7% during the second quarter. Southeastern Asset Management Inc. TN now owns 1,080,741 shares of the company’s stock valued at $14,374,000 after purchasing an additional 513,950 shares during the period. Vanguard Group Inc. lifted its position in Belmond by 4.1% during the second quarter. Vanguard Group Inc. now owns 7,582,131 shares of the company’s stock valued at $100,843,000 after purchasing an additional 295,379 shares during the period. Northern Trust Corp lifted its position in Belmond by 14.2% during the second quarter. Northern Trust Corp now owns 1,615,812 shares of the company’s stock valued at $21,490,000 after purchasing an additional 200,717 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Belmond by 82.1% during the first quarter. Renaissance Technologies LLC now owns 419,273 shares of the company’s stock valued at $5,073,000 after purchasing an additional 189,023 shares during the period. Institutional investors own 80.02% of the company’s stock.
Belmond Ltd. (NYSE:BEL) opened at $11.95 on Friday. The firm has a market cap of $1,222.95, a PE ratio of 62.89 and a beta of 1.18. Belmond Ltd. has a 1 year low of $11.00 and a 1 year high of $14.45. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.92 and a quick ratio of 0.96.
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A number of research analysts recently issued reports on BEL shares. BidaskClub downgraded shares of Belmond from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Barclays PLC restated an “overweight” rating and set a $15.00 target price (down from $16.00) on shares of Belmond in a research report on Thursday, August 10th. Finally, Deutsche Bank AG decreased their target price on shares of Belmond from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Belmond presently has a consensus rating of “Hold” and a consensus price target of $14.00.
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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