Advisory Research Inc. held its position in Belmond Ltd. (NYSE:BEL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 164,892 shares of the company’s stock at the end of the 2nd quarter. Advisory Research Inc. owned 0.16% of Belmond worth $1,995,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its holdings in Belmond by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 34,500 shares of the company’s stock valued at $459,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System boosted its position in Belmond by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 44,200 shares of the company’s stock valued at $588,000 after buying an additional 200 shares during the last quarter. Texas Permanent School Fund boosted its position in Belmond by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 61,885 shares of the company’s stock valued at $823,000 after buying an additional 707 shares during the last quarter. Amalgamated Bank boosted its position in Belmond by 7.5% in the 2nd quarter. Amalgamated Bank now owns 12,195 shares of the company’s stock valued at $162,000 after buying an additional 856 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Belmond by 0.8% in the 1st quarter. Legal & General Group Plc now owns 156,236 shares of the company’s stock valued at $1,893,000 after buying an additional 1,166 shares during the last quarter. 75.83% of the stock is owned by hedge funds and other institutional investors.
Shares of Belmond Ltd. (BEL) remained flat at $14.05 during midday trading on Thursday. 47,797 shares of the company traded hands. The stock has a market cap of $1.44 billion, a P/E ratio of 234.17 and a beta of 0.96. The stock has a 50-day moving average price of $13.04 and a 200-day moving average price of $12.74. Belmond Ltd. has a 1-year low of $11.00 and a 1-year high of $14.45.
Belmond (NYSE:BEL) last released its quarterly earnings data on Monday, August 7th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $165.90 million during the quarter, compared to the consensus estimate of $168.93 million. Belmond had a net margin of 1.18% and a return on equity of 3.99%. On average, analysts forecast that Belmond Ltd. will post $0.18 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “Advisory Research Inc. Has $1,995,000 Stake in Belmond Ltd. (BEL)” was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://sportsperspectives.com/2017/10/12/advisory-research-inc-has-1995000-stake-in-belmond-ltd-bel.html.
Several research analysts have recently issued reports on BEL shares. Barclays PLC restated an “overweight” rating and issued a $15.00 price target (down from $16.00) on shares of Belmond in a research report on Thursday, August 10th. BidaskClub lowered Belmond from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Finally, Zacks Investment Research upgraded Belmond from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.25.
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.
Want to see what other hedge funds are holding BEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Belmond Ltd. (NYSE:BEL).
Receive News & Ratings for Belmond Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belmond Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.