Investors Sell Shares of Belmond (BEL) on Strength (BEL)

Traders sold shares of Belmond Ltd (NYSE:BEL) on strength during trading on Friday. $56.93 million flowed into the stock on the tick-up and $150.91 million flowed out of the stock on the tick-down, for a money net flow of $93.98 million out of the stock. Of all equities tracked, Belmond had the 0th highest net out-flow for the day. Belmond traded up $7.03 for the day and closed at $24.68

Several research firms have commented on BEL. Zacks Investment Research raised Belmond from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Monday, November 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.00 price target on shares of Belmond in a report on Thursday, November 8th. Finally, ValuEngine raised Belmond from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $18.50.

The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $2.54 billion, a PE ratio of 205.67, a P/E/G ratio of 5.48 and a beta of 1.46.

Belmond (NYSE:BEL) last issued its earnings results on Tuesday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.06. Belmond had a positive return on equity of 4.42% and a negative net margin of 5.88%. The business had revenue of $193.20 million during the quarter, compared to analysts’ expectations of $193.78 million. The firm’s revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate that Belmond Ltd will post 0.3 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Belmond by 6.1% in the 3rd quarter. BlackRock Inc. now owns 12,683,313 shares of the company’s stock worth $231,470,000 after buying an additional 727,043 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Belmond by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 8,461,579 shares of the company’s stock worth $154,423,000 after buying an additional 293,611 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Belmond by 3.6% in the 3rd quarter. Vanguard Group Inc now owns 8,461,579 shares of the company’s stock worth $154,423,000 after buying an additional 293,611 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Belmond by 2.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,733,599 shares of the company’s stock worth $31,638,000 after buying an additional 36,217 shares in the last quarter. Finally, Select Equity Group L.P. raised its holdings in shares of Belmond by 6.4% in the 2nd quarter. Select Equity Group L.P. now owns 1,651,602 shares of the company’s stock worth $18,415,000 after buying an additional 99,946 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

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About Belmond (NYSE:BEL)

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.

Further Reading: What is a Leveraged Buyout (LBO)?

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