Swiss National Bank continued to hold its stake in Belmond Ltd. (NYSE:BEL) during the second quarter, Holdings Channel reports. The institutional investor owned 153,000 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.15% of Belmond worth $1,515,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of BEL. Price Michael F increased its stake in Belmond by 43.8% in the first quarter. Price Michael F now owns 230,000 shares of the company’s stock worth $2,183,000 after buying an additional 70,000 shares in the last quarter. Pacad Investment Ltd. bought a new stake in Belmond during the first quarter worth about $203,000. Prudential Financial Inc. increased its stake in Belmond by 452.3% in the first quarter. Prudential Financial Inc. now owns 264,974 shares of the company’s stock worth $2,515,000 after buying an additional 217,000 shares in the last quarter. Texas Permanent School Fund bought a new stake in Belmond during the first quarter worth about $663,000. Finally, BlackRock Fund Advisors increased its stake in Belmond by 143.9% in the first quarter. BlackRock Fund Advisors now owns 5,674,226 shares of the company’s stock worth $53,848,000 after buying an additional 3,347,551 shares in the last quarter. 76.78% of the stock is owned by institutional investors.
Belmond Ltd. (NYSE:BEL) traded up 0.08% during trading on Tuesday, hitting $12.21. 373,007 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $11.51 and a 200 day moving average price of $10.23. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 73.11 and a beta of 1.55. Belmond Ltd. has a 52-week low of $7.31 and a 52-week high of $12.42.
Belmond (NYSE:BEL) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by $0.01. Belmond had a return on equity of 2.70% and a net margin of 3.09%. The firm earned $158.10 million during the quarter, compared to analysts’ expectations of $163.25 million. On average, equities research analysts predict that Belmond Ltd. will post $0.25 earnings per share for the current year.
BEL has been the subject of a number of research analyst reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Belmond in a report on Thursday, June 2nd. Telsey Advisory Group lifted their price objective on shares of Belmond from $10.00 to $11.00 and gave the stock a “market perform” rating in a report on Friday, August 5th. Zacks Investment Research downgraded shares of Belmond from a “buy” rating to a “hold” rating in a report on Monday, August 15th. MKM Partners raised shares of Belmond from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $9.50 to $12.00 in a report on Thursday, August 4th. < Finally, Barclays PLC reaffirmed a "buy" rating and set a $13.00 price objective on shares of Belmond in a report on Thursday, August 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of "Buy" and an average price target of C$12.67.
Belmond Company Profile
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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