Belmond Ltd. (BEL) Trading 8.5% Higher
Belmond Ltd. (NYSE:BEL) shares traded up 8.5% on Tuesday . The company traded as high as $11.18 and last traded at $11.09, with a volume of 860,509 shares trading hands. The stock had previously closed at $10.22.
A number of research analysts have recently weighed in on the company. Telsey Advisory Group raised Belmond from an “underperform” rating to a “market perform” rating and increased their price target for the company from $8.50 to $10.00 in a research note on Friday, May 6th. Zacks Investment Research downgraded Belmond from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Belmond in a research note on Thursday, June 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$11.67.
The company has a market capitalization of $1.15 billion and a P/E ratio of 48.38. The firm’s 50-day moving average is $9.60 and its 200 day moving average is $9.19.
Belmond (NYSE:BEL) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.09. The business earned $99.10 million during the quarter, compared to the consensus estimate of $98.34 million. On average, equities analysts expect that Belmond Ltd. will post $0.24 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of BEL. Foresters Investment Management Company Inc. boosted its stake in shares of Belmond by 0.7% in the fourth quarter. Foresters Investment Management Company Inc. now owns 436,000 shares of the company’s stock worth $4,142,000 after buying an additional 3,000 shares during the period. Dimensional Fund Advisors LP boosted 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 worth $78,005,000 after buying an additional 283,720 shares during the period. New South Capital Management Inc. boosted its stake in shares of 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 period. Trexquant Investment LP boosted its stake in shares of 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 period. Finally, Royce & Associates LLC boosted its stake in shares of 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 period.
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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