Capital Clean Energy Carriers' (CCEC) Buy (B) Rating Reiterated at Weiss Ratings

Key Points

• Capital Clean Energy Carriers (NASDAQ: CCEC) received a reaffirmed "buy (B)" rating from Weiss Ratings, indicating positive analyst sentiment towards the stock.
• The stock traded at $22.11 with a market capitalization of $1.29 billion and a price-to-earnings ratio of 6.97, reflecting its current performance in the market.
• In recent institutional trading, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in the company by 59.8%, underscoring growing interest among institutional investors.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

Capital Clean Energy Carriers Price Performance

Capital Clean Energy Carriers stock traded down $0.47 during midday trading on Tuesday, reaching $22.11. 833 shares of the company were exchanged, compared to its average volume of 22,966. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 6.97 and a beta of 0.56. The firm's 50-day simple moving average is $21.78 and its 200-day simple moving average is $21.56. Capital Clean Energy Carriers has a 1 year low of $14.09 and a 1 year high of $24.83. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.64 and a current ratio of 1.66.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.11. The firm had revenue of $104.20 million during the quarter, compared to analysts' expectations of $109.11 million. Capital Clean Energy Carriers had a return on equity of 10.70% and a net margin of 55.58%. On average, analysts anticipate that Capital Clean Energy Carriers will post 1.66 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Capital Clean Energy Carriers by 59.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company's stock valued at $3,065,000 after acquiring an additional 49,075 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Capital Clean Energy Carriers by 10.1% during the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company's stock valued at $414,000 after acquiring an additional 1,621 shares during the last quarter. MGO One Seven LLC acquired a new position in shares of Capital Clean Energy Carriers in the 2nd quarter valued at about $216,000. Raymond James Financial Inc. acquired a new position in shares of Capital Clean Energy Carriers in the 2nd quarter valued at about $127,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Capital Clean Energy Carriers by 281.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 5,092 shares of the company's stock valued at $98,000 after purchasing an additional 3,758 shares in the last quarter.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers.

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