New York State Common Retirement Fund grew its holdings in Belmond Ltd (NYSE:BEL) by 4.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 92,000 shares of the company’s stock after acquiring an additional 4,100 shares during the period. New York State Common Retirement Fund’s holdings in Belmond were worth $2,294,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Belmond by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 34,703 shares of the company’s stock valued at $865,000 after purchasing an additional 627 shares in the last quarter. Mason Street Advisors LLC raised its holdings in shares of Belmond by 3.5% in the 1st quarter. Mason Street Advisors LLC now owns 28,802 shares of the company’s stock valued at $718,000 after purchasing an additional 976 shares in the last quarter. Exane Asset Management raised its holdings in shares of Belmond by 255.6% in the 1st quarter. Exane Asset Management now owns 313,035 shares of the company’s stock valued at $7,804,000 after purchasing an additional 225,000 shares in the last quarter. Water Island Capital LLC raised its holdings in shares of Belmond by 88.4% in the 1st quarter. Water Island Capital LLC now owns 1,802,371 shares of the company’s stock valued at $44,933,000 after purchasing an additional 845,771 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of Belmond in the 1st quarter valued at about $305,000. 78.76% of the stock is owned by institutional investors and hedge funds.
NYSE:BEL opened at $24.99 on Thursday. Belmond Ltd has a one year low of $10.30 and a one year high of $25.38. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.11 and a quick ratio of 0.99. The stock has a market capitalization of $2.58 billion, a PE ratio of 83.30, a price-to-earnings-growth ratio of 5.46 and a beta of 0.45.
Separately, Zacks Investment Research lowered shares of Belmond from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. Belmond presently has a consensus rating of “Hold” and an average price target of $19.25.
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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