Penn Capital Management Co. Inc. cut its holdings in shares of Belmond Ltd (NYSE:BEL) by 5.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 394,360 shares of the company’s stock after selling 23,423 shares during the period. Penn Capital Management Co. Inc. owned approximately 0.39% of Belmond worth $4,404,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of BEL. Schwab Charles Investment Management Inc. grew its position in shares of Belmond by 9.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 411,834 shares of the company’s stock valued at $5,045,000 after acquiring an additional 36,231 shares during the period. Cambiar Investors LLC acquired a new stake in shares of Belmond during the 4th quarter valued at about $483,000. Mutual of America Capital Management LLC grew its position in shares of Belmond by 2.9% during the 4th quarter. Mutual of America Capital Management LLC now owns 376,162 shares of the company’s stock valued at $4,608,000 after acquiring an additional 10,774 shares during the period. Gamco Investors INC. ET AL grew its position in shares of Belmond by 0.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 660,900 shares of the company’s stock valued at $8,096,000 after acquiring an additional 4,500 shares during the period. Finally, Wellington Shields & Co. LLC grew its position in shares of Belmond by 3.3% during the 4th quarter. Wellington Shields & Co. LLC now owns 162,200 shares of the company’s stock valued at $1,987,000 after acquiring an additional 5,200 shares during the period. Hedge funds and other institutional investors own 82.39% of the company’s stock.
BEL stock opened at $11.85 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 1.53. Belmond Ltd has a 12-month low of $10.30 and a 12-month high of $14.20. The stock has a market capitalization of $1.20 billion, a P/E ratio of 98.75, a PEG ratio of 4.93 and a beta of 1.28.
Belmond (NYSE:BEL) last posted its quarterly earnings data on Tuesday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.06). Belmond had a positive return on equity of 1.50% and a negative net margin of 7.52%. The firm had revenue of $89.70 million during the quarter, compared to analyst estimates of $100.92 million. analysts expect that Belmond Ltd will post 0.19 earnings per share for the current year.
A number of research firms have recently commented on BEL. ValuEngine upgraded Belmond from a “sell” rating to a “hold” rating in a research report on Friday, May 18th. Jefferies Financial Group began coverage on Belmond in a research report on Thursday, May 31st. They set a “hold” rating and a $13.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Belmond has a consensus rating of “Hold” and an average price target of $13.33.
Belmond Company Profile
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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