StockNews.com began coverage on shares of Costamare (NYSE:CMRE - Get Free Report) in a report issued on Thursday. The brokerage set a "hold" rating on the shipping company's stock.
Separately, Jefferies Financial Group reissued a "hold" rating and issued a $13.00 price objective on shares of Costamare in a research report on Wednesday, February 5th.
Read Our Latest Stock Report on CMRE
Costamare Price Performance
Shares of CMRE traded down $0.10 during mid-day trading on Thursday, hitting $8.66. 32,216 shares of the company traded hands, compared to its average volume of 478,652. The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73. Costamare has a one year low of $6.63 and a one year high of $17.58. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 3.57 and a beta of 1.13. The business has a 50-day moving average of $9.25 and a 200 day moving average of $11.23.
Costamare (NYSE:CMRE - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The shipping company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.09. Costamare had a return on equity of 14.03% and a net margin of 15.14%. The company had revenue of $440.54 million during the quarter, compared to analysts' expectations of $330.14 million. As a group, equities analysts expect that Costamare will post 2.52 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in Costamare by 10.9% in the 4th quarter. Principal Financial Group Inc. now owns 65,638 shares of the shipping company's stock valued at $843,000 after buying an additional 6,461 shares during the last quarter. American Century Companies Inc. increased its stake in Costamare by 18.8% in the 4th quarter. American Century Companies Inc. now owns 1,077,400 shares of the shipping company's stock valued at $13,845,000 after buying an additional 170,412 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Costamare by 4.2% during the fourth quarter. New York State Common Retirement Fund now owns 223,565 shares of the shipping company's stock valued at $2,873,000 after acquiring an additional 9,100 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Costamare by 33.3% during the fourth 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 last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Costamare by 87.9% in the fourth 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 last quarter. Institutional investors own 58.08% of the company's stock.
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