Dimensional Fund Advisors LP Decreases Stake in Belmond Ltd (BEL)
Dimensional Fund Advisors LP decreased its position in Belmond Ltd (NYSE:BEL) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,533,488 shares of the company’s stock after selling 89,891 shares during the quarter. Dimensional Fund Advisors LP owned 8.31% of Belmond worth $95,146,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Parnassus Investments CA lifted its holdings in shares of Belmond by 76.5% in the 2nd quarter. Parnassus Investments CA now owns 1,765,147 shares of the company’s stock worth $19,681,000 after purchasing an additional 765,147 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Belmond by 6.4% in the 2nd quarter. BlackRock Inc. now owns 11,956,270 shares of the company’s stock worth $133,312,000 after purchasing an additional 721,612 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Belmond by 651.3% in the 1st quarter. JPMorgan Chase & Co. now owns 692,442 shares of the company’s stock worth $7,720,000 after purchasing an additional 600,278 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Belmond in the 1st quarter worth approximately $2,914,000. Finally, Royce & Associates LP lifted its holdings in shares of Belmond by 9.1% in the 2nd quarter. Royce & Associates LP now owns 1,171,170 shares of the company’s stock worth $13,059,000 after purchasing an additional 98,000 shares during the last quarter. Institutional investors own 83.09% of the company’s stock.
Shares of NYSE BEL opened at $16.80 on Tuesday. The company has a market capitalization of $1.70 billion, a P/E ratio of 165.50, a P/E/G ratio of 5.81 and a beta of 1.53. Belmond Ltd has a 12-month low of $10.30 and a 12-month high of $17.00. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.45 and a current ratio of 1.57.
Several analysts recently issued reports on BEL shares. Jefferies Financial Group raised Belmond from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Friday, August 10th. Barclays downgraded Belmond from an “overweight” rating to an “underweight” rating and raised their price target for the stock from $14.00 to $15.00 in a report on Tuesday, July 3rd. Deutsche Bank raised their price target on Belmond to $17.00 and gave the stock a “hold” rating in a report on Friday, August 10th. Finally, ValuEngine raised Belmond from a “sell” rating to a “hold” rating in a report on Friday, May 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Belmond has an average rating of “Hold” and a consensus price target of $17.33.
Belmond Company Profile
Belmond Ltd. engages in the hotel and travel businesses. As of December 31, 2017, the company owned, invested in, or managed 36 deluxe hotels and resort properties in the United States, Mexico, The Caribbean, Europe, Southern Africa, South America, and Southeast Asia; 1 stand-alone restaurant in New York; 7 tourist trains in Europe, Southeast Asia, and Peru; 1 river cruise in Myanmar; and 1 canal boat business in France.
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