Ameriprise Financial Inc. raised its stake in Belmond Ltd. (NYSE:BEL) by 3.6% during the second quarter, Holdings Channel reports. The fund owned 421,337 shares of the company’s stock after buying an additional 14,725 shares during the period. Ameriprise Financial Inc. owned about 0.41% of Belmond worth $4,171,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of BEL. Texas Permanent School Fund acquired a new stake in Belmond during the first quarter valued at approximately $663,000. Nisa Investment Advisors L.L.C. increased its stake in Belmond by 722.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 108,040 shares of the company’s stock valued at $1,025,000 after buying an additional 94,900 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in Belmond during the first quarter valued at approximately $203,000. Teachers Advisors Inc. increased its stake in Belmond by 7.5% in the first quarter. Teachers Advisors Inc. now owns 1,250,402 shares of the company’s stock valued at $11,866,000 after buying an additional 87,539 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Belmond by 452.3% in the first quarter. Prudential Financial Inc. now owns 264,974 shares of the company’s stock valued at $2,515,000 after buying an additional 217,000 shares during the last quarter. 76.80% of the stock is owned by institutional investors.
Belmond Ltd. (NYSE:BEL) traded up 1.14% on Tuesday, hitting $12.46. 8,311 shares of the stock were exchanged. The company has a 50-day moving average of $11.96 and a 200-day moving average of $10.54. Belmond Ltd. has a 12 month low of $7.31 and a 12 month high of $12.86. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 74.61 and a beta of 1.51.
Belmond (NYSE:BEL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.01. The business had revenue of $158.10 million for the quarter, compared to the consensus estimate of $163.25 million. Belmond had a net margin of 3.09% and a return on equity of 2.70%. On average, equities analysts predict that Belmond Ltd. will post $0.25 EPS for the current year.
Several equities research analysts have recently commented on BEL shares. Deutsche Bank AG reissued a “buy” rating on shares of Belmond in a research report on Sunday, June 26th. Zacks Investment Research downgraded shares of Belmond from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. MKM Partners raised shares of Belmond from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $9.50 to $12.00 in a research report on Thursday, August 4th. < Telsey Advisory Group upped their price objective on shares of Belmond from $10.00 to $11.00 and gave the stock a "market perform" rating in a research report on Friday, August 5th. Finally, Barclays PLC reaffirmed a "buy" rating and issued a $13.00 price objective on shares of Belmond in a research report on Thursday, August 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of "Buy" and an average price target of C$12.67.
Belmond Company Profile
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.