Stock analysts at StockNews.com initiated coverage on shares of Costamare (NYSE:CMRE - Get Free Report) in a report issued on Wednesday. The firm set a "hold" rating on the shipping company's stock.
Separately, Jefferies Financial Group reaffirmed a "hold" rating and issued a $13.00 price target on shares of Costamare in a research note on Wednesday, February 5th.
Read Our Latest Research Report on Costamare
Costamare Stock Down 2.3 %
NYSE CMRE opened at $9.24 on Wednesday. Costamare has a one year low of $8.11 and a one year high of $17.58. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 1.65. The business has a fifty day moving average price of $9.58 and a 200 day moving average price of $11.57. The company has a market cap of $1.11 billion, a P/E ratio of 3.79 and a beta of 1.13.
Costamare (NYSE:CMRE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. Costamare had a net margin of 15.14% and a return on equity of 14.03%. Research analysts anticipate that Costamare will post 2.52 EPS for the current fiscal year.
Hedge Funds Weigh In On Costamare
Hedge funds have recently made changes to their positions in the company. Aquatic Capital Management LLC acquired a new stake in shares of Costamare in the 4th quarter valued at about $45,000. New Age Alpha Advisors LLC acquired a new position in shares of Costamare in the 4th quarter valued at $50,000. Legal & General Group Plc increased its holdings in shares of Costamare by 27.1% in the 4th quarter. Legal & General Group Plc now owns 8,909 shares of the shipping company's stock valued at $114,000 after acquiring an additional 1,900 shares during the period. Victory Capital Management Inc. purchased a new stake in Costamare in the 4th quarter valued at $130,000. Finally, Man Group plc acquired a new stake in Costamare during the 4th quarter worth $133,000. Hedge funds and other institutional investors own 58.08% of the company's stock.
Costamare Company Profile
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