Costamare (NYSE:CMRE) Cut to “Hold” at StockNews.com

Costamare (NYSE:CMRE) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Separately, Jefferies Financial Group reissued a “hold” rating and set a $13.00 target price on shares of Costamare in a research report on Wednesday, February 5th.

Costamare Stock Performance

Costamare stock opened at $10.18 on Friday. The business has a 50 day moving average of $11.29 and a 200-day moving average of $12.94. Costamare has a 1 year low of $9.66 and a 1 year high of $17.58. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.56. The company has a market capitalization of $1.22 billion, a P/E ratio of 4.17 and a beta of 1.28.

Costamare (NYSE:CMRE) last released its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03. Costamare had a return on equity of 14.03% and a net margin of 15.14%. On average, equities research analysts predict that Costamare will post 2.52 earnings per share for the current year.

Institutional Trading of Costamare

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its position in shares of Costamare by 87.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 550,301 shares of the shipping company’s stock worth $7,071,000 after buying an additional 257,422 shares during the period. Foundry Partners LLC acquired a new stake in shares of Costamare during the 3rd quarter worth approximately $4,032,000. American Century Companies Inc. grew its position in shares of Costamare by 18.8% during the 4th quarter. American Century Companies Inc. now owns 1,077,400 shares of the shipping company’s stock worth $13,845,000 after buying an additional 170,412 shares during the period. Essential Planning LLC. acquired a new stake in shares of Costamare during the 4th quarter worth approximately $1,718,000. Finally, JPMorgan Chase & Co. grew its position in shares of Costamare by 33.3% during the 4th quarter. JPMorgan Chase & Co. now owns 452,504 shares of the shipping company’s stock worth $5,815,000 after buying an additional 112,938 shares during the period. Institutional investors and hedge funds own 58.08% of the company’s stock.

About Costamare