Trexquant Investment LP bought a new position in shares of Costamare Inc (NYSE:CMRE) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 31,395 shares of the shipping company’s stock, valued at approximately $194,000.

Several other institutional investors and hedge funds have also made changes to their positions in CMRE. Edmond DE Rothschild Holding S.A. increased its stake in Costamare by 8.4% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 45,100 shares of the shipping company’s stock valued at $330,000 after acquiring an additional 3,500 shares during the last quarter. Brandes Investment Partners LP increased its stake in Costamare by 18.2% in the second quarter. Brandes Investment Partners LP now owns 26,033 shares of the shipping company’s stock valued at $190,000 after acquiring an additional 4,000 shares during the last quarter. California State Teachers Retirement System increased its stake in Costamare by 7.1% in the second quarter. California State Teachers Retirement System now owns 64,793 shares of the shipping company’s stock valued at $474,000 after acquiring an additional 4,300 shares during the last quarter. Royal Bank of Canada increased its stake in Costamare by 31.4% in the second quarter. Royal Bank of Canada now owns 21,265 shares of the shipping company’s stock valued at $155,000 after acquiring an additional 5,081 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Costamare by 25.5% in the second quarter. The Manufacturers Life Insurance Company now owns 29,117 shares of the shipping company’s stock valued at $212,000 after acquiring an additional 5,912 shares during the last quarter. 25.79% of the stock is currently owned by institutional investors.

Shares of Costamare Inc (NYSE CMRE) opened at $5.66 on Monday. Costamare Inc has a 52-week low of $5.07 and a 52-week high of $8.18. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.96 and a quick ratio of 0.92. The firm has a market cap of $604.97, a P/E ratio of 6.43, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11.

Costamare (NYSE:CMRE) last issued its earnings results on Tuesday, October 24th. The shipping company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Costamare had a net margin of 14.03% and a return on equity of 7.57%. The firm had revenue of $98.40 million for the quarter, compared to analyst estimates of $100.24 million. During the same quarter last year, the business posted $0.37 earnings per share. The company’s quarterly revenue was down 14.7% on a year-over-year basis. equities research analysts expect that Costamare Inc will post 0.76 EPS for the current fiscal year.

CMRE has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Costamare from a “sell” rating to a “hold” rating in a research note on Monday, August 28th. ValuEngine cut shares of Costamare from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised shares of Costamare from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Stifel Nicolaus reissued a “hold” rating and issued a $7.00 price objective on shares of Costamare in a research note on Thursday, October 12th. Finally, Credit Suisse Group set a $7.00 target price on shares of Costamare and gave the company a “hold” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.04.

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Costamare Company Profile

Costamare Inc (Costamare) is a holding company. The Company is an international owner of containerships. The Company is engaged in chartering its vessels to various liner companies. The Company provides marine transportation services around the world by chartering its container vessels to liner operators under long, medium and short-term time charters.

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Institutional Ownership by Quarter for Costamare (NYSE:CMRE)

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