State of Tennessee Treasury Department trimmed its position in Belmond (NYSE:BEL) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,254 shares of the company’s stock after selling 7,649 shares during the period. State of Tennessee Treasury Department owned 0.07% of Belmond worth $861,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in BEL. SG Americas Securities LLC bought a new stake in shares of Belmond during the 3rd quarter valued at about $286,000. Crossmark Global Holdings Inc. bought a new stake in Belmond during the third quarter worth about $308,000. Teacher Retirement System of Texas bought a new position in shares of Belmond in the fourth quarter worth approximately $368,000. Cambiar Investors LLC bought a new position in shares of Belmond in the fourth quarter worth approximately $483,000. Finally, Municipal Employees Retirement System of Michigan lifted its stake in shares of Belmond by 45.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 38,140 shares of the company’s stock worth $521,000 after buying an additional 11,850 shares in the last quarter. 81.69% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on the stock. ValuEngine cut shares of Belmond from a “hold” rating to a “sell” rating in a report on Wednesday, March 28th. Zacks Investment Research cut shares of Belmond from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Belmond presently has an average rating of “Hold” and an average target price of $14.33.
Shares of NYSE:BEL traded down $0.10 during midday trading on Friday, reaching $11.00. 280,609 shares of the company were exchanged, compared to its average volume of 348,852. Belmond has a one year low of $10.75 and a one year high of $14.20. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.81 and a current ratio of 1.98. The firm has a market cap of $1,126.34, a price-to-earnings ratio of 91.67 and a beta of 1.29.
Belmond (NYSE:BEL) last released its quarterly earnings data on Monday, February 26th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01). Belmond had a negative net margin of 8.01% and a positive return on equity of 1.73%. The business had revenue of $117.30 million for the quarter, compared to the consensus estimate of $127.62 million. research analysts predict that Belmond will post 0.17 earnings per share for the current year.
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Belmond Company Profile
Belmond Ltd. engages in the hotel and travel businesses. As of December 31, 2017, the company owned, invested in, or managed 36 deluxe hotels and resort properties in the United States, Mexico, The Caribbean, Europe, Southern Africa, South America, and Southeast Asia; 1 stand-alone restaurant in New York; 7 tourist trains in Europe, Southeast Asia, and Peru; 1 river cruise in Myanmar; and 1 canal boat business in France.
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