Texas Permanent School Fund lowered its stake in Belmond Ltd (NYSE:BEL) by 7.4% during the fourth quarter, HoldingsChannel reports. The firm owned 56,726 shares of the company’s stock after selling 4,528 shares during the period. Texas Permanent School Fund’s holdings in Belmond were worth $695,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its stake in Belmond by 9.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 411,834 shares of the company’s stock worth $5,045,000 after purchasing an additional 36,231 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Belmond by 187.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 343,230 shares of the company’s stock worth $4,685,000 after purchasing an additional 223,960 shares in the last quarter. California Public Employees Retirement System increased its stake in Belmond by 7.6% in the 3rd quarter. California Public Employees Retirement System now owns 209,946 shares of the company’s stock worth $2,866,000 after purchasing an additional 14,746 shares in the last quarter. Wells Fargo & Company MN increased its stake in Belmond by 7.4% in the 3rd quarter. Wells Fargo & Company MN now owns 89,853 shares of the company’s stock worth $1,227,000 after purchasing an additional 6,193 shares in the last quarter. Finally, Hosking Partners LLP increased its stake in Belmond by 0.5% in the 3rd quarter. Hosking Partners LLP now owns 3,384,653 shares of the company’s stock worth $46,201,000 after purchasing an additional 15,663 shares in the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.
Belmond Ltd (BEL) opened at $12.40 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.77 and a current ratio of 1.92. Belmond Ltd has a 12 month low of $11.00 and a 12 month high of $14.25. The firm has a market capitalization of $1,269.00, a PE ratio of -154.98 and a beta of 1.20.
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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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