State Board of Administration of Florida Retirement System Has $1,172,000 Holdings in Belmond Ltd. (BEL)
State Board of Administration of Florida Retirement System held its position in shares of Belmond Ltd. (NYSE:BEL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,106 shares of the company’s stock at the end of the 2nd quarter. State Board of Administration of Florida Retirement System owned about 0.09% of Belmond worth $1,172,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in BEL. KCG Holdings Inc. acquired a new stake in Belmond during the 1st quarter valued at $198,000. State of Alaska Department of Revenue grew its holdings in Belmond by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 16,733 shares of the company’s stock valued at $222,000 after purchasing an additional 7,403 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Belmond by 12.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 19,288 shares of the company’s stock valued at $233,000 after purchasing an additional 2,206 shares in the last quarter. Mason Street Advisors LLC grew its holdings in Belmond by 7.1% during the 1st quarter. Mason Street Advisors LLC now owns 19,759 shares of the company’s stock valued at $239,000 after purchasing an additional 1,302 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Belmond during the 1st quarter valued at $289,000. 75.83% of the stock is owned by institutional investors.
A number of research firms recently weighed in on BEL. Telsey Advisory Group raised shares of Belmond from a “market perform” rating to an “outperform” rating and raised their price target for the company from $14.00 to $16.00 in a report on Tuesday, June 6th. Barclays PLC reaffirmed an “overweight” rating and set a $15.00 price target (down from $16.00) on shares of Belmond in a report on Thursday, August 10th. BidaskClub lowered shares of Belmond from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research raised shares of Belmond from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.40.
Shares of Belmond Ltd. (NYSE:BEL) opened at 12.65 on Wednesday. Belmond Ltd. has a 12-month low of $11.00 and a 12-month high of $14.45. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 210.83 and a beta of 0.95. The company’s 50-day moving average is $12.62 and its 200-day moving average is $12.58.
Belmond (NYSE:BEL) last released its quarterly earnings results on Monday, August 7th. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.07. Belmond had a net margin of 1.18% and a return on equity of 3.99%. The company had revenue of $165.90 million for the quarter, compared to analyst estimates of $168.93 million. On average, equities analysts forecast that Belmond Ltd. will post $0.18 earnings per share for the current fiscal year.
Belmond Ltd. (Belmond) is a hotel company and adventure travel operator. As of December 31, 2016, Belmond owned, partially-owned and/or operated 45 properties, consisting of 34 individual deluxe hotels, 29 of which are owned (including nine under long-term lease), five European tourist trains, two cruise ships in Myanmar (one of which is under long-term charter), one French canal cruise business consisting of five small canal boats, and one stand-alone restaurant in the United States.
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