Parametric Portfolio Associates LLC boosted its position in shares of Belmond Ltd. (NYSE:BEL) by 14.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,193 shares of the company’s stock after purchasing an additional 13,743 shares during the period. Parametric Portfolio Associates LLC owned about 0.11% of Belmond worth $1,466,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in BEL. BlackRock Inc. increased its holdings in Belmond by 38,615.7% during the 1st quarter. BlackRock Inc. now owns 10,125,706 shares of the company’s stock worth $122,522,000 after purchasing an additional 10,099,552 shares in the last quarter. Vanguard Group Inc. increased its holdings in Belmond by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 7,582,131 shares of the company’s stock worth $100,843,000 after purchasing an additional 295,379 shares in the last quarter. Northern Trust Corp increased its holdings in Belmond by 14.2% during the 2nd quarter. Northern Trust Corp now owns 1,615,812 shares of the company’s stock worth $21,490,000 after purchasing an additional 200,717 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Belmond by 82.1% during the 1st quarter. Renaissance Technologies LLC now owns 419,273 shares of the company’s stock worth $5,073,000 after purchasing an additional 189,023 shares in the last quarter. Finally, Gluskin Sheff & Assoc Inc. bought a new position in Belmond during the 2nd quarter worth about $2,374,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Belmond Ltd. (BEL) opened at $12.00 on Tuesday. Belmond Ltd. has a one year low of $11.00 and a one year high of $14.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.77 and a current ratio of 1.92. The company has a market cap of $1,222.96, a PE ratio of 62.90 and a beta of 1.18.
BEL has been the subject of a number of recent research reports. BidaskClub downgraded shares of Belmond from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Barclays PLC restated an “overweight” rating and set a $15.00 price objective (down from $16.00) on shares of Belmond in a research note on Thursday, August 10th. Finally, Deutsche Bank AG reduced their price objective on shares of Belmond from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.00.
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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.
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