Belmond Ltd. (NYSE:BEL) shares traded up 1.6% on Tuesday . The company traded as high as $11.38 and last traded at $11.36, with a volume of 211,109 shares changing hands. The stock had previously closed at $11.18.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Belmond from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Friday, July 8th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Belmond in a report on Sunday, June 26th. Finally, Telsey Advisory Group raised shares of Belmond from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $8.50 to $10.00 in a report on Friday, May 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$11.67.

The stock’s 50 day moving average is $10.01 and its 200 day moving average is $9.29. The company has a market cap of $1.17 billion and a price-to-earnings ratio of 49.15.

Belmond (NYSE:BEL) last issued its earnings results on Thursday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the 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. Equities research analysts forecast that Belmond Ltd. will post $0.24 EPS for the current year.

Other hedge funds have modified their holdings of the company. Rhumbline Advisers increased its position in shares of Belmond by 3.3% in the fourth quarter. Rhumbline Advisers now owns 133,917 shares of the company’s stock worth $1,272,000 after buying an additional 4,260 shares during the last quarter. Engineers Gate Manager LP increased its position in shares of Belmond by 156.4% in the fourth quarter. Engineers Gate Manager LP now owns 137,872 shares of the company’s stock worth $1,310,000 after buying an additional 84,096 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Belmond by 7.6% in the fourth quarter. New York State Common Retirement Fund now owns 580,037 shares of the company’s stock worth $5,510,000 after buying an additional 41,128 shares during the last quarter. Bank of Montreal Can increased its position in shares of 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. Finally, Royce & Associates LLC increased its position 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 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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