Belmond (BEL) Sees Strong Trading Volume

Belmond Ltd (NYSE:BEL) shares saw unusually-strong trading volume on Friday . Approximately 1,797,968 shares were traded during trading, an increase of 427% from the previous session’s volume of 341,447 shares.The stock last traded at $12.35 and had previously closed at $12.25.

A number of equities research analysts recently commented on BEL shares. BidaskClub downgraded Belmond from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Deutsche Bank decreased their target price on Belmond from $13.00 to $12.00 and set a “hold” rating for the company in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $14.33.

The company has a debt-to-equity ratio of 0.96, a current ratio of 1.92 and a quick ratio of 1.77. The company has a market capitalization of $1,258.78, a price-to-earnings ratio of 64.74 and a beta of 1.16.

Several institutional investors have recently added to or reduced their stakes in BEL. Southeastern Asset Management Inc. TN lifted its holdings in shares of Belmond by 90.7% during the second quarter. Southeastern Asset Management Inc. TN now owns 1,080,741 shares of the company’s stock worth $14,374,000 after purchasing an additional 513,950 shares during the period. BlackRock Inc. raised its position in Belmond by 3.9% during the second quarter. BlackRock Inc. now owns 10,522,601 shares of the company’s stock valued at $139,950,000 after acquiring an additional 396,895 shares in the last quarter. Vanguard Group Inc. raised its position in Belmond by 4.1% during the second quarter. Vanguard Group Inc. now owns 7,582,131 shares of the company’s stock valued at $100,843,000 after acquiring an additional 295,379 shares in the last quarter. Neuberger Berman Group LLC raised its position in Belmond by 187.8% during the third quarter. Neuberger Berman Group LLC now owns 343,230 shares of the company’s stock valued at $4,685,000 after acquiring an additional 223,960 shares in the last quarter. Finally, Northern Trust Corp raised its position in Belmond by 14.2% during the second quarter. Northern Trust Corp now owns 1,615,812 shares of the company’s stock valued at $21,490,000 after acquiring an additional 200,717 shares in the last quarter. 81.09% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Belmond (BEL) Sees Strong Trading Volume” was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://www.chaffeybreeze.com/2017/12/15/belmond-bel-sees-strong-trading-volume.html.

About Belmond

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.

Receive News & Ratings for Belmond Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belmond and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply