Shareholder Southeastern Asset Management Has Lifted Belmond LTD Class A (BEL) Stake; Novare Capital Management Has Decreased Position in Bank Of America (BAC) as Share Value Declined

April 17, 2018 - By Louis Casey

Belmond Ltd. (NYSE:BEL) Logo

Mason Hawkins increased its stake in Belmond Ltd Class A (BEL) by 41.25% based on its latest 2017Q4 regulatory filing with the SEC. Southeastern Asset Management Inc bought 1.42 million shares as the company’s stock declined 7.76% with the market. The hedge fund run by Mason Hawkins held 4.85M shares of the hotels and resorts company at the end of 2017Q4, valued at $59.46 million, up from 3.44M at the end of the previous reported quarter. Southeastern Asset Management Inc who had been investing in Belmond Ltd Class A for a number of months, seems to be bullish on the $1.16B market cap company. The stock increased 1.12% or $0.125 during the last trading session, reaching $11.325. About 182,347 shares traded. Belmond Ltd. (NYSE:BEL) has declined 6.22% since April 17, 2017 and is downtrending. It has underperformed by 17.77% the S&P500.

Novare Capital Management Llc decreased its stake in Bank Of America (BAC) by 32.17% based on its latest 2017Q4 regulatory filing with the SEC. Novare Capital Management Llc sold 26,976 shares as the company’s stock declined 1.20% with the market. The institutional investor held 56,873 shares of the major banks company at the end of 2017Q4, valued at $1.68 million, down from 83,849 at the end of the previous reported quarter. Novare Capital Management Llc who had been investing in Bank Of America for a number of months, seems to be less bullish one the $306.16 billion market cap company. The stock increased 0.05% or $0.015 during the last trading session, reaching $29.945. About 47.92 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 17, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Southeastern Asset Management Inc, which manages about $35.07 billion and $8.08B US Long portfolio, decreased its stake in Wynn Resorts Limited (NASDAQ:WYNN) by 2.56M shares to 2.56M shares, valued at $431.21M in 2017Q4, according to the filing. It also reduced its holding in T. Rowe Price Group Inc. (NASDAQ:TROW) by 3.66 million shares in the quarter, leaving it with 17,945 shares, and cut its stake in Fedex Corporation (NYSE:FDX).

Among 6 analysts covering Belmond (NYSE:BEL), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Belmond had 17 analyst reports since September 3, 2015 according to SRatingsIntel. M Partners upgraded the shares of BEL in report on Thursday, August 4 to “Neutral” rating. As per Thursday, January 14, the company rating was downgraded by M Partners. On Monday, January 4 the stock rating was initiated by Telsey Advisory Group with “Underperform”. The stock of Belmond Ltd. (NYSE:BEL) has “Hold” rating given on Monday, August 7 by Deutsche Bank. The firm has “Neutral” rating given on Monday, December 5 by M Partners. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, November 8. Telsey Advisory Group maintained Belmond Ltd. (NYSE:BEL) on Friday, May 6 with “Market Perform” rating. On Friday, August 5 the stock rating was maintained by Deutsche Bank with “Buy”. Telsey Advisory Group maintained Belmond Ltd. (NYSE:BEL) rating on Friday, February 26. Telsey Advisory Group has “Underperform” rating and $8.50 target. The rating was downgraded by Zacks to “Hold” on Thursday, September 3.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.15, from 1.04 in 2017Q3. It improved, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. Cambridge Financial Inc owns 3.3% invested in Bank of America Corporation (NYSE:BAC) for 226,479 shares. Pictet Commercial Bank Limited reported 62,700 shares or 0.54% of all its holdings. Bouchey Financial Limited has invested 0.4% in Bank of America Corporation (NYSE:BAC). Sii Investments Wi accumulated 27,498 shares or 0.08% of the stock. Atwood And Palmer Incorporated holds 0.07% or 16,324 shares. Athena Capital Limited Liability Co owns 88,795 shares. Sterling Glob Strategies Limited Liability Corporation stated it has 15,465 shares or 1.93% of all its holdings. 10,513 were reported by Hamel Assocs. Eaton Vance Management has invested 0.89% in Bank of America Corporation (NYSE:BAC). Cutter And Comm Brokerage owns 23,176 shares for 0.28% of their portfolio. Regent Management Ltd Liability Corporation invested 0.95% in Bank of America Corporation (NYSE:BAC). Hightower Advisors Llc owns 1.59M shares. Finemark Financial Bank And Trust holds 0.1% or 52,726 shares. 205,841 are held by Fsi Gru Ltd Llc. Raymond James Services Incorporated reported 1.67M shares.

Novare Capital Management Llc, which manages about $695.33 million and $587.43 million US Long portfolio, upped its stake in Vanguard Emerging Mkt Bond (VWOB) by 15,992 shares to 38,410 shares, valued at $3.08M in 2017Q4, according to the filing. It also increased its holding in Ishares Gs Corp Bond (LQD) by 3,218 shares in the quarter, for a total of 4,111 shares, and has risen its stake in Schw Emg Mkt Eq Etf (SCHE).

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 110 analyst reports since July 21, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of BAC in report on Tuesday, July 18 with “Buy” rating. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Jefferies on Friday, August 11. The company was downgraded on Tuesday, November 8 by Deutsche Bank. The rating was maintained by JP Morgan on Wednesday, November 1 with “Overweight”. The firm has “Buy” rating given on Friday, July 7 by Jefferies. Robert W. Baird maintained the shares of BAC in report on Tuesday, October 31 with “Hold” rating. The company was upgraded on Tuesday, November 29 by Keefe Bruyette & Woods. The stock has “Buy” rating by Keefe Bruyette & Woods on Tuesday, June 6. Oppenheimer maintained the shares of BAC in report on Saturday, September 5 with “Outperform” rating.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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