Belmond Ltd (NYSE:BEL) released its quarterly earnings results on Monday. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.05. The firm had revenue of $95.40 million for the quarter, compared to analysts’ expectations of $91.83 million. Belmond had a net margin of 5.31% and a return on equity of 3.97%.
Shares of Belmond (NYSE:BEL) remained flat at $12.00 during midday trading on Friday. 103,570 shares of the stock traded hands. The company has a market capitalization of $1.23 billion, a P/E ratio of 63.49 and a beta of 1.24. Belmond has a one year low of $8.84 and a one year high of $14.45. The stock has a 50-day moving average price of $12.19 and a 200-day moving average price of $12.90.
A number of equities research analysts recently weighed in on BEL shares. Zacks Investment Research cut shares of Belmond from a “buy” rating to a “hold” rating in a research report on Thursday, March 2nd. Barclays PLC set a $16.00 price target on shares of Belmond and gave the company a “buy” rating in a research report on Tuesday, February 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Belmond currently has a consensus rating of “Hold” and a consensus price target of $13.60.
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Several hedge funds have recently added to or reduced their stakes in BEL. BlackRock Inc. boosted its stake in Belmond by 38,615.7% in the first quarter. BlackRock Inc. now owns 10,125,706 shares of the company’s stock valued at $122,522,000 after buying an additional 10,099,552 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Belmond by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,638,989 shares of the company’s stock valued at $115,331,000 after buying an additional 22,075 shares during the last quarter. Vanguard Group Inc. boosted its stake in Belmond by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,286,752 shares of the company’s stock valued at $88,170,000 after buying an additional 115,840 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Belmond by 6.1% in the third quarter. BlackRock Fund Advisors now owns 5,890,561 shares of the company’s stock valued at $74,869,000 after buying an additional 336,576 shares during the last quarter. Finally, New South Capital Management Inc. boosted its stake in Belmond by 0.5% in the fourth quarter. New South Capital Management Inc. now owns 4,064,457 shares of the company’s stock valued at $54,260,000 after buying an additional 19,930 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.
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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