Stock Traders Purchase Large Volume of Belmond Put Options (BEL)

Belmond Ltd (NYSE:BEL) was the recipient of some unusual options trading activity on Monday. Investors acquired 2,275 put options on the stock. This is an increase of approximately 2,152% compared to the typical daily volume of 101 put options.

Several research analysts have recently weighed in on BEL shares. ValuEngine raised shares of Belmond from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Barclays cut shares of Belmond from an “overweight” rating to an “underweight” rating and boosted their price target for the company from $14.00 to $15.00 in a research report on Tuesday, July 3rd. Jefferies Financial Group set a $13.00 price target on shares of Belmond and gave the company a “hold” rating in a research report on Thursday, August 9th. Deutsche Bank boosted their price target on shares of Belmond to $17.00 and gave the company a “hold” rating in a research report on Friday, August 10th. Finally, Zacks Investment Research raised shares of Belmond from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Belmond currently has a consensus rating of “Buy” and an average target price of $18.00.

Shares of BEL stock opened at $16.96 on Tuesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.45 and a current ratio of 1.57. The stock has a market cap of $1.82 billion, a PE ratio of 141.33, a PEG ratio of 6.20 and a beta of 1.53. Belmond has a twelve month low of $10.30 and a twelve month high of $18.69.



Belmond (NYSE:BEL) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.04. Belmond had a negative net margin of 6.84% and a positive return on equity of 1.48%. The firm had revenue of $171.60 million for the quarter, compared to analysts’ expectations of $176.22 million. As a group, analysts forecast that Belmond will post 0.19 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of BEL. Wells Fargo & Company MN lifted its position in Belmond by 24.2% in the first quarter. Wells Fargo & Company MN now owns 93,695 shares of the company’s stock valued at $1,045,000 after buying an additional 18,271 shares during the last quarter. Principal Financial Group Inc. lifted its position in Belmond by 2.5% in the first quarter. Principal Financial Group Inc. now owns 643,570 shares of the company’s stock valued at $7,176,000 after buying an additional 15,609 shares during the last quarter. CHICAGO TRUST Co NA acquired a new position in Belmond in the second quarter valued at about $150,000. KBC Group NV lifted its position in Belmond by 36.0% in the second quarter. KBC Group NV now owns 24,188 shares of the company’s stock valued at $270,000 after buying an additional 6,402 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Belmond in the second quarter valued at about $198,000. 83.07% of the stock is currently owned by institutional investors.

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.

See Also: Earnings Reports

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