Belmond (BEL) Trading Up 1.5%

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Shares of Belmond Ltd (NYSE:BEL) were up 1.5% during trading on Thursday . The stock traded as high as $18.85 and last traded at $19.04. Approximately 35,976 shares were traded during trading, a decline of 94% from the average daily volume of 626,502 shares. The stock had previously closed at $18.75.

Several analysts have commented on BEL shares. Deutsche Bank upped their price objective on Belmond to $17.00 and gave the company a “hold” rating in a research note on Friday, August 10th. ValuEngine raised Belmond from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 16th. Zacks Investment Research raised Belmond from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Monday, November 5th. Finally, Jefferies Financial Group set a $13.00 price objective on Belmond and gave the company a “hold” rating in a research note on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $18.50.

The company has a debt-to-equity ratio of 1.10, a current ratio of 1.31 and a quick ratio of 1.45. The company has a market cap of $1.93 billion, a P/E ratio of 152.00, a P/E/G ratio of 6.58 and a beta of 1.48.

Belmond (NYSE:BEL) last issued its earnings results on Tuesday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The business had revenue of $193.20 million during the quarter, compared to the consensus estimate of $193.78 million. Belmond had a positive return on equity of 4.42% and a negative net margin of 5.88%. Belmond’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, analysts predict that Belmond Ltd will post 0.25 EPS for the current year.

Several hedge funds have recently modified their holdings of BEL. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Belmond during the 2nd quarter worth approximately $198,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Belmond in the 3rd quarter worth approximately $235,000. KBC Group NV grew its holdings in shares of Belmond by 36.0% in the 2nd quarter. KBC Group NV now owns 24,188 shares of the company’s stock worth $270,000 after acquiring an additional 6,402 shares during the period. Trexquant Investment LP acquired a new stake in shares of Belmond in the 3rd quarter worth approximately $293,000. Finally, SG Americas Securities LLC grew its holdings in shares of Belmond by 212.8% in the 2nd quarter. SG Americas Securities LLC now owns 29,411 shares of the company’s stock worth $328,000 after acquiring an additional 20,009 shares during the period. 83.12% of the stock is owned by institutional investors and hedge funds.

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About Belmond (NYSE:BEL)

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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