Belmond Ltd. (BEL) Sees Large Volume Increase
Belmond Ltd. (NYSE:BEL) saw unusually-strong trading volume on Friday . Approximately 858,171 shares traded hands during mid-day trading, an increase of 1% from the previous session’s volume of 852,967 shares.The stock last traded at $9.99 and had previously closed at $9.69.
Several analysts recently commented on BEL shares. Zacks Investment Research upgraded shares of Belmond from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a research report on Tuesday, May 10th. Deutsche Bank AG reiterated a “buy” rating on shares of Belmond in a research report on Thursday, June 2nd. Finally, Telsey Advisory Group upgraded shares of Belmond from an “underperform” rating to a “market perform” rating and upped their price target for the company from $8.50 to $10.00 in a research report on Friday, May 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$11.67.
The company has a 50-day moving average price of $9.56 and a 200 day moving average price of $9.19. The stock has a market capitalization of $1.02 billion and a P/E ratio of 42.74.
Belmond (NYSE:BEL) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.09. The firm earned $99.10 million during the quarter, compared to analyst estimates of $98.34 million. Analysts expect that Belmond Ltd. will post $0.24 earnings per share for the current year.
Other hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Belmond by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,210,933 shares of the company’s stock valued at $78,005,000 after buying an additional 283,720 shares during the period. New South Capital Management Inc. increased its stake in Belmond by 23.8% in the fourth quarter. New South Capital Management Inc. now owns 3,609,829 shares of the company’s stock worth $34,293,000 after buying an additional 693,903 shares during the last quarter. Trexquant Investment LP increased its stake in Belmond by 420.5% in the fourth quarter. Trexquant Investment LP now owns 108,310 shares of the company’s stock worth $1,029,000 after buying an additional 87,502 shares during the last quarter. Royce & Associates LLC increased its stake in Belmond by 1.9% in the fourth quarter. Royce & Associates LLC now owns 1,898,022 shares of the company’s stock worth $18,031,000 after buying an additional 36,103 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Belmond by 34.9% in the fourth quarter. Bank of Montreal Can now owns 186,088 shares of the company’s stock worth $1,768,000 after buying an additional 48,188 shares during the last quarter.
Belmond Ltd. (Belmond), formerly Orient-Express Hotels Ltd. is a luxury hotel company and adventure travel operator. Belmond manages around 45 properties, consisting of around 35 individual deluxe hotels, one stand-alone restaurant, six tourist trains and three river/canal cruise businesses. Belmond’s 45 properties operate in approximately 22 countries.
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