First Trust Advisors LP boosted its position in Belmond Ltd (NYSE:BEL) by 576.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,763 shares of the company’s stock after acquiring an additional 73,084 shares during the quarter. First Trust Advisors LP owned 0.08% of Belmond worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Riverhead Capital Management LLC boosted its holdings in Belmond by 99.7% in the second 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 during the last quarter. Flinton Capital Management LLC boosted its holdings in Belmond by 99.5% in the second quarter. Flinton Capital Management LLC now owns 11,284 shares of the company’s stock valued at $150,000 after acquiring an additional 5,628 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Belmond by 7.5% during the second quarter. Amalgamated Bank now owns 12,195 shares of the company’s stock worth $162,000 after purchasing an additional 856 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Belmond during the second quarter worth about $208,000. Finally, Profund Advisors LLC lifted its stake in shares of Belmond by 12.6% during the second quarter. Profund Advisors LLC now owns 16,659 shares of the company’s stock worth $222,000 after purchasing an additional 1,863 shares in the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.
A number of research analysts have commented on BEL shares. BidaskClub cut Belmond from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Deutsche Bank reduced their price objective on Belmond from $13.00 to $12.00 and set a “hold” rating on the stock in a research note on Wednesday, November 8th. Finally, Barclays restated an “overweight” rating and set a $15.00 price objective (down previously from $16.00) on shares of Belmond in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.00.
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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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