Amalgamated Bank Has $162,000 Stake in Belmond Ltd. (BEL)
Amalgamated Bank grew its stake in Belmond Ltd. (NYSE:BEL) by 7.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,195 shares of the company’s stock after acquiring an additional 856 shares during the period. Amalgamated Bank’s holdings in Belmond were worth $162,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Belmond by 3.9% in the 2nd quarter. BlackRock Inc. now owns 10,522,601 shares of the company’s stock valued at $139,950,000 after acquiring an additional 396,895 shares in the last quarter. Nationwide Fund Advisors grew its holdings in shares of Belmond by 2.9% in the 2nd quarter. Nationwide Fund Advisors now owns 71,187 shares of the company’s stock valued at $947,000 after acquiring an additional 1,975 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Belmond by 0.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 446,575 shares of the company’s stock valued at $5,940,000 after acquiring an additional 3,130 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Belmond by 1.2% in the 2nd quarter. Teachers Advisors LLC now owns 1,328,247 shares of the company’s stock valued at $17,666,000 after acquiring an additional 15,709 shares in the last quarter. Finally, Riverhead Capital Management LLC grew its holdings in shares of Belmond by 99.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,186 shares of the company’s stock valued at $135,000 after acquiring an additional 5,086 shares in the last quarter. Institutional investors own 75.83% of the company’s stock.
BEL has been the subject of several recent analyst reports. BidaskClub downgraded shares of Belmond from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Barclays PLC reiterated an “overweight” rating and issued a $15.00 target price (down from $16.00) on shares of Belmond in a research note on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of Belmond from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Belmond has an average rating of “Hold” and a consensus price target of $14.25.
Shares of Belmond Ltd. (NYSE BEL) opened at 13.70 on Wednesday. The firm has a market capitalization of $1.40 billion, a P/E ratio of 228.33 and a beta of 0.96. The company has a 50-day moving average of $13.15 and a 200 day moving average of $12.78. Belmond Ltd. has a 52 week low of $11.00 and a 52 week high of $14.45.
Belmond (NYSE:BEL) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping 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 business had revenue of $165.90 million during the quarter, compared to the consensus estimate of $168.93 million. Equities research analysts anticipate that Belmond Ltd. will post $0.18 earnings per share for the current year.
Belmond Company Profile
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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