Is Belmond Ltd (BEL) A Good Stock To Buy?

Because Belmond Ltd (NYSE:BEL) has experienced a decline in interest from hedge fund managers, we can see that there were a few funds who were dropping their positions entirely in the third quarter. Intriguingly, Ward Davis and Brian Agnew’s Caerus Global Investors dropped the largest position of the 700 funds monitored by Insider Monkey, comprising about $3.3 million in stock. Charles Clough’s fund, Clough Capital Partners, also said goodbye to its holding, about $3.2 million worth.

Let’s check out hedge fund activity in other stocks similar to Belmond Ltd (NYSE:BEL). We will take a look at Fiesta Restaurant Group Inc (NASDAQ:FRGI), SAGE Therapeutics Inc (NASDAQ:SAGE), Itron, Inc. (NASDAQ:ITRI), and ExlService Holdings, Inc. (NASDAQ:EXLS). All of these stocks’ market caps resemble BEL’s market cap.

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $265 million, versus $79 million in BEL’s case. Fiesta Restaurant Group Inc (NASDAQ:FRGI) is the most popular stock in this table with 18 funds reporting stakes, while ExlService Holdings, Inc. (NASDAQ:EXLS) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks Belmond Ltd (NYSE: BEL) is slightly more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.