Costamare (NYSE:CMRE – Get Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.
Separately, Jefferies Financial Group restated a “hold” rating and issued a $13.00 target price on shares of Costamare in a research note on Friday, November 1st.
Read Our Latest Research Report on CMRE
Costamare Trading Down 1.3 %
Costamare (NYSE:CMRE – Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The shipping company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. Costamare had a net margin of 19.11% and a return on equity of 14.28%. The business had revenue of $544.64 million during the quarter, compared to analyst estimates of $434.13 million. During the same period last year, the business posted $0.46 earnings per share. Equities analysts predict that Costamare will post 2.74 EPS for the current year.
Institutional Trading of Costamare
Hedge funds have recently made changes to their positions in the stock. Ballentine Partners LLC increased its position in Costamare by 7.6% during the 3rd quarter. Ballentine Partners LLC now owns 14,262 shares of the shipping company’s stock valued at $224,000 after buying an additional 1,012 shares in the last quarter. DGS Capital Management LLC grew its stake in shares of Costamare by 6.1% in the third quarter. DGS Capital Management LLC now owns 21,659 shares of the shipping company’s stock worth $340,000 after acquiring an additional 1,238 shares during the last quarter. nVerses Capital LLC increased its holdings in shares of Costamare by 1,700.0% during the third quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company’s stock valued at $28,000 after acquiring an additional 1,700 shares in the last quarter. Quarry LP raised its position in shares of Costamare by 157.5% in the 3rd quarter. Quarry LP now owns 3,275 shares of the shipping company’s stock worth $51,000 after purchasing an additional 2,003 shares during the last quarter. Finally, Gladius Capital Management LP bought a new position in Costamare in the 3rd quarter worth about $35,000. 58.08% of the stock is owned by institutional investors.
About Costamare
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