Texas Permanent School Fund reduced its position in shares of Belmond Ltd (NYSE:BEL) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,726 shares of the company’s stock after selling 4,528 shares during the period. Texas Permanent School Fund owned approximately 0.06% of Belmond worth $695,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Verition Fund Management LLC acquired a new position in Belmond during the second quarter worth about $208,000. Piedmont Investment Advisors LLC acquired a new position in Belmond during the second quarter worth about $244,000. SG Americas Securities LLC acquired a new position in Belmond during the third quarter worth about $286,000. Crossmark Global Holdings Inc. acquired a new position in Belmond during the third quarter worth about $308,000. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Belmond by 45.1% during the third quarter. Municipal Employees Retirement System of Michigan now owns 38,140 shares of the company’s stock worth $521,000 after acquiring an additional 11,850 shares during the period. 80.77% of the stock is currently owned by hedge funds and other institutional investors.
BEL has been the topic of a number of research analyst reports. Zacks Investment Research lowered Belmond from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Deutsche Bank lowered their target price on Belmond from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Belmond has an average rating of “Hold” and a consensus target price of $14.33.
Belmond Ltd (NYSE BEL) opened at $12.40 on Friday. The firm has a market capitalization of $1,269.00, a PE ratio of -154.98 and a beta of 1.20. Belmond Ltd has a 12 month low of $11.00 and a 12 month high of $14.25. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.92 and a quick ratio of 1.77.
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Belmond Company Profile
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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