GSA Capital Partners LLP Acquires Shares of 17,800 Belmond Ltd. (BEL)
GSA Capital Partners LLP acquired a new position in shares of Belmond Ltd. (NYSE:BEL) during the second quarter, Holdings Channel reports. The institutional investor acquired 17,800 shares of the company’s stock, valued at approximately $176,000.
Several other hedge funds and other institutional investors also recently modified their holdings of BEL. Fox Run Management L.L.C. acquired a new stake in Belmond during the second quarter worth about $100,000. Pacad Investment Ltd. purchased a new stake in shares of Belmond during the first quarter valued at $203,000. BNP Paribas Arbitrage SA raised its stake in shares of Belmond by 104.9% in the second quarter. BNP Paribas Arbitrage SA now owns 28,677 shares of the company’s stock valued at $284,000 after buying an additional 14,680 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Belmond by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the company’s stock valued at $383,000 after buying an additional 200 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Belmond during the first quarter valued at $401,000. 76.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of Belmond Ltd. (NYSE:BEL) traded down 0.16% during mid-day trading on Tuesday, reaching $12.60. The company had a trading volume of 124,821 shares. The firm’s 50 day moving average is $11.68 and its 200-day moving average is $10.34. Belmond Ltd. has a 12-month low of $7.31 and a 12-month high of $12.86. The stock has a market capitalization of $1.28 billion, a P/E ratio of 75.45 and a beta of 1.51.
Belmond (NYSE:BEL) last released its earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.01. Belmond had a return on equity of 2.70% and a net margin of 3.09%. The company had revenue of $158.10 million for the quarter, compared to the consensus estimate of $163.25 million. On average, analysts expect that Belmond Ltd. will post $0.25 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on BEL. Zacks Investment Research raised Belmond from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Monday, August 8th. Telsey Advisory Group lifted their price objective on Belmond from $10.00 to $11.00 and gave the stock a “market perform” rating in a report on Friday, August 5th. MKM Partners raised Belmond from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $9.50 to $12.00 in a report on Thursday, August 4th. < Deutsche Bank AG lifted their price objective on Belmond from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, August 5th. Finally, Barclays PLC reissued a "buy" rating and set a $13.00 price objective on shares of Belmond in a report on Thursday, August 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. The company presently has an average rating of "Buy" and an average target price of C$12.67.
Belmond Company Profile
Belmond Ltd. (Belmond), formerly Orient-Express Hotels Ltd. is a luxury hotel company and adventure travel operator. The Company owns, partially-owns and/or operates over 40 properties consisting of approximately 30 individual deluxe hotels, over one stand-alone restaurant, approximately six tourist trains and over three river/canal cruise businesses.
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