Belmond Ltd. (NYSE:BEL)’s share price fell 2.8% during mid-day trading on Thursday . The company traded as low as $11.24 and last traded at $11.26, with a volume of 420,215 shares traded. The stock had previously closed at $11.59.

A number of brokerages have recently issued reports on BEL. Telsey Advisory Group raised Belmond from an “underperform” rating to a “market perform” rating and increased their target price for the stock 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 reissued a “buy” rating on shares of Belmond in a research note on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$11.67.

The firm has a 50 day moving average price of $9.80 and a 200-day moving average price of $9.24. The stock has a market cap of $1.15 billion and a price-to-earnings ratio of 48.29.

Belmond (NYSE:BEL) last posted its earnings results on Thursday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.09. The firm 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 year.

Other hedge funds have recently bought and sold shares of the company. Trexquant Investment LP raised its stake in Belmond by 420.5% in the fourth quarter. Trexquant Investment LP now owns 108,310 shares of the company’s stock valued at $1,029,000 after buying an additional 87,502 shares during the last quarter. Rhumbline Advisers raised its position in Belmond by 3.3% in the fourth quarter. Rhumbline Advisers now owns 133,917 shares of the company’s stock valued at $1,272,000 after buying an additional 4,260 shares during the last quarter. Engineers Gate Manager LP raised its position in Belmond by 156.4% in the fourth quarter. Engineers Gate Manager LP now owns 137,872 shares of the company’s stock valued at $1,310,000 after buying an additional 84,096 shares during the last quarter. Bank of Montreal Can raised its position in Belmond by 34.9% in the fourth quarter. Bank of Montreal Can now owns 186,088 shares of the company’s stock valued at $1,768,000 after buying an additional 48,188 shares during the last quarter. Finally, Foresters Investment Management Company Inc. raised its position in Belmond by 0.7% in the fourth quarter. Foresters Investment Management Company Inc. now owns 436,000 shares of the company’s stock valued at $4,142,000 after buying an additional 3,000 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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