ValuEngine Lowers Belmond (BEL) to Sell

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ValuEngine cut shares of Belmond (NYSE:BEL) from a hold rating to a sell rating in a report issued on Wednesday morning.

Separately, Jefferies Financial Group initiated coverage on Belmond in a research note on Thursday, May 31st. They set a hold rating and a $13.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $13.33.

Belmond opened at $11.15 on Wednesday, MarketBeat Ratings reports. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 106.50, a PEG ratio of 4.48 and a beta of 1.28. Belmond has a 52-week low of $10.30 and a 52-week high of $14.20. The company has a quick ratio of 1.39, a current ratio of 1.53 and a debt-to-equity ratio of 1.07.

Belmond (NYSE:BEL) last released its quarterly earnings results on Tuesday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.06). The firm had revenue of $89.70 million for the quarter, compared to the consensus estimate of $100.92 million. Belmond had a negative net margin of 7.52% and a positive return on equity of 1.50%. sell-side analysts expect that Belmond will post 0.19 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of BEL. Schwab Charles Investment Management Inc. lifted 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 buying an additional 36,231 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Belmond during the 4th quarter valued at about $368,000. Pinebridge Investments L.P. lifted its position in shares of Belmond by 353.7% during the 4th quarter. Pinebridge Investments L.P. now owns 47,246 shares of the company’s stock valued at $579,000 after buying an additional 36,833 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Belmond by 224.2% during the 4th quarter. Arizona State Retirement System now owns 141,044 shares of the company’s stock valued at $1,728,000 after buying an additional 97,544 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Belmond by 14.7% during the 4th quarter. Rhumbline Advisers now owns 200,583 shares of the company’s stock valued at $2,457,000 after buying an additional 25,712 shares in the last quarter. 82.39% of the stock is currently owned by hedge funds and other institutional investors.

About Belmond

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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