Marshall Wace LLP grew its position in Costamare Inc. (NYSE:CMRE – Free Report) by 985.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 357,557 shares of the shipping company’s stock after purchasing an additional 324,618 shares during the quarter. Marshall Wace LLP owned approximately 0.30% of Costamare worth $5,875,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of CMRE. Parallel Advisors LLC raised its position in shares of Costamare by 197.8% in the fourth quarter. Parallel Advisors LLC now owns 4,059 shares of the shipping company’s stock valued at $42,000 after purchasing an additional 2,696 shares during the period. Quarry LP raised its position in shares of Costamare by 48.5% in the fourth quarter. Quarry LP now owns 4,216 shares of the shipping company’s stock valued at $44,000 after purchasing an additional 1,376 shares during the period. CWM LLC raised its position in shares of Costamare by 53.6% in the second quarter. CWM LLC now owns 4,302 shares of the shipping company’s stock valued at $71,000 after purchasing an additional 1,502 shares during the period. Redwood Wealth Management Group LLC bought a new position in shares of Costamare in the second quarter valued at approximately $80,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Costamare during the first quarter worth $132,000. Institutional investors own 58.08% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on CMRE. StockNews.com raised shares of Costamare from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Stifel Nicolaus boosted their target price on shares of Costamare from $12.00 to $14.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group boosted their target price on shares of Costamare from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st.
Costamare Trading Up 1.2 %
Shares of Costamare stock opened at $15.72 on Tuesday. The firm has a market capitalization of $1.85 billion, a PE ratio of 6.09 and a beta of 1.37. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.61 and a quick ratio of 1.54. The company’s fifty day moving average price is $14.06 and its two-hundred day moving average price is $13.86. Costamare Inc. has a 52-week low of $8.54 and a 52-week high of $17.58.
Costamare (NYSE:CMRE – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The shipping company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.05. The firm had revenue of $515.42 million for the quarter, compared to analyst estimates of $380.41 million. Costamare had a net margin of 19.63% and a return on equity of 13.63%. On average, analysts expect that Costamare Inc. will post 3.05 EPS for the current year.
Costamare Company Profile
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