Garnet Equity Capital Holdings Inc. purchased a new position in shares of Belmond Ltd (NYSE:BEL) during the fourth quarter, Holdings Channel reports. The fund purchased 150,000 shares of the company’s stock, valued at approximately $1,838,000. Belmond makes up approximately 1.5% of Garnet Equity Capital Holdings Inc.’s portfolio, making the stock its 25th largest position.
Several other hedge funds also recently added to or reduced their stakes in BEL. Two Sigma Securities LLC bought a new stake in shares of Belmond during the 4th quarter worth about $189,000. Jefferies Group LLC raised its position in shares of Belmond by 28.0% during the 4th quarter. Jefferies Group LLC now owns 21,572 shares of the company’s stock worth $264,000 after buying an additional 4,719 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Belmond during the 3rd quarter worth about $286,000. Crossmark Global Holdings Inc. bought a new stake in shares of Belmond during the 3rd quarter worth about $308,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Belmond during the 4th quarter worth about $368,000. Institutional investors own 81.71% of the company’s stock.
Several equities analysts have recently issued reports on the stock. ValuEngine cut shares of Belmond from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research cut shares of Belmond from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.33.
Belmond (NYSE:BEL) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01). The business had revenue of $117.30 million during the quarter, compared to analyst estimates of $127.62 million. Belmond had a positive return on equity of 1.73% and a negative net margin of 8.01%. research analysts expect that Belmond Ltd will post 0.17 earnings per share for the current fiscal year.
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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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