Belmond Ltd. (NYSE:BEL) was down 2.8% on Thursday . The stock traded as low as $11.24 and last traded at $11.26, with a volume of 420,215 shares. The stock had previously closed at $11.59.

A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Belmond from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research report on Tuesday, May 10th. Deutsche Bank AG reissued a “buy” rating on shares of Belmond in a research report on Sunday, June 26th. Finally, Telsey Advisory Group raised shares of Belmond from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $8.50 to $10.00 in a research report on Friday, May 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Belmond has a consensus rating of “Buy” and an average price target of C$11.67.

The company’s 50-day moving average price is $9.85 and its 200-day moving average price is $9.25. The company has a market cap of $1.13 billion and a PE ratio of 47.65.

Belmond (NYSE:BEL) last released 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 company earned $99.10 million during the quarter, compared to analyst estimates of $98.34 million. On average, analysts predict that Belmond Ltd. will post $0.24 earnings per share for the current fiscal year.

Other large investors recently added to or reduced their stakes in the company. Foresters Investment Management Company Inc. boosted its stake 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 in the last quarter. New South Capital Management Inc. boosted 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 valued at $34,293,000 after buying an additional 693,903 shares in the last quarter. Trexquant Investment LP boosted 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 in the last quarter. Finally, Royce & Associates LLC boosted 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 valued at $18,031,000 after buying an additional 36,103 shares in 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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