BlackRock Inc. Acquires 10,099,552 Shares of Belmond Ltd. (NYSE:BEL)

BlackRock Inc. raised its position in shares of Belmond Ltd. (NYSE:BEL) by 38,615.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,125,706 shares of the company’s stock after buying an additional 10,099,552 shares during the period. BlackRock Inc.’s holdings in Belmond were worth $122,522,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp increased its position in shares of Belmond by 2.0% in the fourth quarter. State Street Corp now owns 1,876,597 shares of the company’s stock worth $25,053,000 after buying an additional 35,932 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Belmond by 196.0% in the fourth quarter. Renaissance Technologies LLC now owns 230,250 shares of the company’s stock worth $3,074,000 after buying an additional 152,469 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Belmond by 443.3% in the fourth quarter. Guggenheim Capital LLC now owns 94,917 shares of the company’s stock worth $1,267,000 after buying an additional 77,448 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Belmond by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 45,690 shares of the company’s stock worth $610,000 after buying an additional 2,620 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Belmond by 4.1% in the fourth quarter. Teachers Advisors LLC now owns 1,287,156 shares of the company’s stock worth $17,184,000 after buying an additional 50,166 shares during the last quarter. 75.46% of the stock is owned by hedge funds and other institutional investors.

Belmond Ltd. (BEL) opened at 13.05 on Wednesday. The stock’s 50 day moving average is $13.09 and its 200-day moving average is $12.85. Belmond Ltd. has a 12 month low of $10.86 and a 12 month high of $14.45. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 69.05 and a beta of 0.93.

Belmond (NYSE:BEL) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. Belmond had a net margin of 1.18% and a return on equity of 4.00%. The firm had revenue of $165.90 million for the quarter, compared to analyst estimates of $168.93 million. On average, equities research analysts expect that Belmond Ltd. will post $0.18 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This article was first reported by [[site]] and is the property of of [[site]]. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at [[permalink]].

BEL has been the subject of several analyst reports. Zacks Investment Research raised shares of Belmond from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Telsey Advisory Group raised shares of Belmond from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $14.00 to $16.00 in a research note on Tuesday, June 6th. Finally, BidaskClub raised shares of Belmond from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $14.60.

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.