Cove Street Capital LLC lessened its holdings in shares of Belmond Ltd (NYSE:BEL) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,160,668 shares of the company’s stock after selling 7,000 shares during the period. Belmond makes up 1.4% of Cove Street Capital LLC’s portfolio, making the stock its 28th biggest position. Cove Street Capital LLC’s holdings in Belmond were worth $12,942,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Flinton Capital Management LLC lifted its holdings in shares of Belmond by 31.3% during the 4th quarter. Flinton Capital Management LLC now owns 17,052 shares of the company’s stock valued at $209,000 after purchasing an additional 4,060 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Belmond by 0.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 660,900 shares of the company’s stock valued at $8,096,000 after purchasing an additional 4,500 shares in the last quarter. Jefferies Group LLC lifted its holdings in shares of Belmond by 28.0% during the 4th quarter. Jefferies Group LLC now owns 21,572 shares of the company’s stock valued at $264,000 after purchasing an additional 4,719 shares in the last quarter. Wellington Shields & Co. LLC lifted its holdings in shares of Belmond by 3.3% during the 4th quarter. Wellington Shields & Co. LLC now owns 162,200 shares of the company’s stock valued at $1,987,000 after purchasing an additional 5,200 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Belmond by 5.1% during the 1st quarter. Swiss National Bank now owns 151,400 shares of the company’s stock valued at $1,688,000 after purchasing an additional 7,300 shares in the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Several equities analysts have recently weighed in on BEL shares. Zacks Investment Research cut Belmond from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. ValuEngine cut Belmond from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, Jefferies Group initiated coverage on Belmond in a research note on Thursday. They issued a “hold” rating and a $13.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.00.

Belmond opened at $11.95 on Friday, according to MarketBeat.com. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 100.42 and a beta of 1.30. The company has a current ratio of 1.53, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07. Belmond Ltd has a 52 week low of $10.30 and a 52 week high of $14.20.

Belmond (NYSE:BEL) last released its earnings results on Tuesday, May 8th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.06). The firm had revenue of $89.70 million during 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%. equities analysts expect that Belmond Ltd will post 0.18 EPS for the current year.

Belmond Company Profile

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.

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Institutional Ownership by Quarter for Belmond (NYSE:BEL)

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