PineBridge Investments L.P. raised its stake in shares of Belmond Ltd. (NYSE:BEL) by 4.1% during the second quarter, Holdings Channel reports. The firm owned 11,074 shares of the company’s stock after buying an additional 437 shares during the period. PineBridge Investments L.P.’s holdings in Belmond were worth $110,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its stake in shares of Belmond by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the company’s stock valued at $383,000 after buying an additional 200 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Belmond by 0.3% in the second quarter. Gabelli Funds LLC now owns 308,000 shares of the company’s stock valued at $3,049,000 after buying an additional 1,000 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Belmond by 12.2% in the second quarter. Teacher Retirement System of Texas now owns 12,699 shares of the company’s stock valued at $126,000 after buying an additional 1,380 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Belmond by 1.6% in the second quarter. Gamco Investors INC. ET AL now owns 583,900 shares of the company’s stock valued at $5,781,000 after buying an additional 9,000 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Belmond during the second quarter valued at $100,000. Institutional investors and hedge funds own 76.78% of the company’s stock.
Belmond Ltd. (NYSE:BEL) opened at 12.57 on Thursday. Belmond Ltd. has a one year low of $7.31 and a one year high of $12.86. The company has a market capitalization of $1.28 billion, a PE ratio of 75.27 and a beta of 1.51. The firm’s 50-day moving average is $11.74 and its 200 day moving average is $10.37.
Belmond (NYSE:BEL) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.01. The firm had revenue of $158.10 million for the quarter, compared to analyst estimates of $163.25 million. Belmond had a net margin of 3.09% and a return on equity of 2.70%. On average, equities analysts expect that Belmond Ltd. will post $0.25 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Belmond from a “hold” rating to a “sell” rating in a research note on Wednesday. Deutsche Bank AG reaffirmed a “buy” rating on shares of Belmond in a research note on Sunday, June 26th. Barclays PLC reaffirmed a “buy” rating and issued a $13.00 price target on shares of Belmond in a research note on Thursday, August 11th. MKM Partners raised shares of Belmond from a “sell” rating to a “neutral” rating and raised their price target for the stock from $9.50 to $12.00 in a research note on Thursday, August 4th. < Finally, Telsey Advisory Group raised their price target on shares of Belmond from $10.00 to $11.00 and gave the stock a "market perform" rating in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Belmond presently has an average rating of "Hold" and an average target price of C$12.67.
Belmond Ltd. (Belmond), formerly Orient-Express Hotels Ltd. is a luxury hotel company and adventure travel operator. The Company owns, partially-owns and/or operates over 40 properties consisting of approximately 30 individual deluxe hotels, over one stand-alone restaurant, approximately six tourist trains and over three river/canal cruise businesses.
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