Costamare (NYSE:CMRE – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.
Separately, Jefferies Financial Group restated a “hold” rating and set a $13.00 price objective on shares of Costamare in a research note on Wednesday, February 5th.
View Our Latest Analysis on CMRE
Costamare Stock Up 0.7 %
Costamare (NYSE:CMRE – Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. Costamare had a net margin of 15.14% and a return on equity of 14.03%. On average, equities analysts anticipate that Costamare will post 2.52 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Costamare
A number of large investors have recently modified their holdings of CMRE. Gladius Capital Management LP purchased a new stake in shares of Costamare during the third quarter worth $35,000. Aquatic Capital Management LLC purchased a new stake in shares of Costamare during the fourth quarter worth $45,000. New Age Alpha Advisors LLC purchased a new stake in shares of Costamare during the fourth quarter worth $50,000. Quarry LP grew its holdings in shares of Costamare by 157.5% during the third quarter. Quarry LP now owns 3,275 shares of the shipping company’s stock worth $51,000 after buying an additional 2,003 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Costamare by 27.1% during 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 last quarter. Hedge funds and other institutional investors own 58.08% of the company’s stock.
About Costamare
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