Belmond Ltd. (NYSE:BEL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Belmond is a global collection of exceptional hotel and luxury travel adventures in some of the world’s most inspiring and enriching destinations. Established almost 40 years ago with the acquisition of Belmond Hotel Cipriani in Venice, the Company owns and operates unique and distinctive hotel, rail and river cruise experiences in many of the world’s most celebrated destinations. From city landmarks to intimate resorts, the collection includes Belmond Grand Hotel Europe, St. Petersburg; Belmond Copacabana Palace, Rio de Janeiro; Belmond Maroma Resort & Spa, Riviera Maya; and Belmond El Encanto, Santa Barbara. Belmond also encompasses safaris, six luxury tourist trains including the Venice Simplon-Orient-Express, three river cruises and ’21’, one of New York’s most storied restaurants. “
BEL has been the topic of a number of other reports. Telsey Advisory Group raised their price target on Belmond from $10.00 to $11.00 and gave the company a “market perform” rating in a research note on Friday, August 5th. MKM Partners upgraded Belmond from a “sell” rating to a “neutral” rating and raised their price target for the company from $9.50 to $12.00 in a research note on Thursday, August 4th.
Shares of Belmond (NYSE:BEL) traded down 1.52% during mid-day trading on Tuesday, hitting $12.29. The stock had a trading volume of 196,934 shares. The firm has a market cap of $1.25 billion, a PE ratio of 73.59 and a beta of 1.51. Belmond has a 52-week low of $7.31 and a 52-week high of $12.86. The firm has a 50 day moving average price of $11.86 and a 200 day moving average price of $10.46.
Belmond (NYSE:BEL) last released its earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.01. The company earned $158.10 million during the quarter, compared to analysts’ expectations of $163.25 million. Belmond had a net margin of 3.09% and a return on equity of 2.70%. Equities analysts predict that Belmond will post $0.25 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. Fox Run Management L.L.C. purchased a new stake in Belmond during the second quarter worth approximately $100,000. PineBridge Investments L.P. boosted its stake in Belmond by 4.1% in the second quarter. PineBridge Investments L.P. now owns 11,074 shares of the company’s stock worth $110,000 after buying an additional 437 shares during the period. Hsbc Holdings PLC boosted its stake in Belmond by 8.2% in the second quarter. Hsbc Holdings PLC now owns 11,097 shares of the company’s stock worth $111,000 after buying an additional 844 shares during the period. Clinton Group Inc. purchased a new stake in Belmond during the second quarter worth approximately $116,000. Finally, Teacher Retirement System of Texas boosted its stake in Belmond by 12.2% in the second quarter. Teacher Retirement System of Texas now owns 12,699 shares of the company’s stock worth $126,000 after buying an additional 1,380 shares during the period. Institutional investors and hedge funds own 76.78% of the company’s stock.
About Belmond
Belmond Ltd. (Belmond), formerly Orient-Express Hotels Ltd. is a luxury hotel company and adventure travel operator. The Company owns, partially-owns and/or operates over 40 properties consisting of approximately 30 individual deluxe hotels, over one stand-alone restaurant, approximately six tourist trains and over three river/canal cruise businesses.