Susquehanna Fundamental Investments LLC Buys 95,196 Shares of Costamare Inc. (NYSE:CMRE)

Susquehanna Fundamental Investments LLC increased its stake in Costamare Inc. (NYSE:CMRE) by 408.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,495 shares of the shipping company’s stock after buying an additional 95,196 shares during the quarter. Susquehanna Fundamental Investments LLC owned about 0.10% of Costamare worth $1,947,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in Costamare by 69.8% in the second quarter. AQR Capital Management LLC now owns 77,622 shares of the shipping company’s stock worth $1,275,000 after purchasing an additional 31,896 shares during the period. Marshall Wace LLP increased its stake in Costamare by 985.5% in the second quarter. Marshall Wace LLP now owns 357,557 shares of the shipping company’s stock worth $5,875,000 after purchasing an additional 324,618 shares during the period. Sei Investments Co. purchased a new stake in Costamare in the second quarter worth $674,000. Kendall Capital Management increased its stake in Costamare by 4.1% in the second quarter. Kendall Capital Management now owns 245,094 shares of the shipping company’s stock worth $4,027,000 after purchasing an additional 9,594 shares during the period. Finally, Redwood Wealth Management Group LLC purchased a new stake in Costamare in the second quarter worth $80,000. 58.08% of the stock is currently owned by institutional investors.

Costamare Stock Performance

Shares of Costamare stock opened at $15.72 on Tuesday. The firm has a market cap of $1.85 billion, a P/E ratio of 6.09 and a beta of 1.37. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 0.77. Costamare Inc. has a 12 month low of $8.54 and a 12 month high of $17.58. The stock’s fifty day moving average price is $14.06 and its 200-day moving average price is $13.86.

Costamare (NYSE:CMRE) last announced its quarterly earnings results on Wednesday, July 31st. The shipping company reported $0.77 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 return on equity of 13.63% and a net margin of 19.63%. On average, equities research analysts expect that Costamare Inc. will post 3.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Jefferies Financial Group increased their target price on Costamare from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Stifel Nicolaus increased their target price on Costamare from $12.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, StockNews.com upgraded Costamare from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd.

About Costamare