Fearnley Fonds Upgrades Costamare (NYSE:CMRE) to Strong-Buy

Costamare (NYSE:CMRE) was upgraded by investment analysts at Fearnley Fonds from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

CMRE has been the topic of a number of other research reports. Wall Street Zen lowered Costamare from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings downgraded Costamare from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Costamare Stock Down 0.9%

CMRE stock opened at $16.47 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.70 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average of $16.96 and a two-hundred day moving average of $15.67. Costamare has a 12 month low of $6.63 and a 12 month high of $18.06. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 6.14 and a beta of 1.22.

Costamare (NYSE:CMRE) last issued its earnings results on Wednesday, April 29th. The shipping company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. Costamare had a return on equity of 16.42% and a net margin of 39.93%.The business had revenue of $199.25 million for the quarter, compared to analysts’ expectations of $191.50 million. During the same period in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year.

Institutional Investors Weigh In On Costamare

Several large investors have recently added to or reduced their stakes in CMRE. Cubist Systematic Strategies LLC purchased a new stake in shares of Costamare in the 1st quarter valued at approximately $192,000. Millennium Management LLC purchased a new stake in shares of Costamare during the 1st quarter worth $6,075,000. Dynamic Technology Lab Private Ltd lifted its position in shares of Costamare by 13.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 19,064 shares of the shipping company’s stock worth $188,000 after purchasing an additional 2,267 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Costamare by 42.2% during the first quarter. Goldman Sachs Group Inc. now owns 479,822 shares of the shipping company’s stock worth $4,721,000 after purchasing an additional 142,372 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Costamare by 156.9% during the first quarter. Jane Street Group LLC now owns 200,984 shares of the shipping company’s stock worth $1,978,000 after purchasing an additional 122,737 shares in the last quarter. 58.08% of the stock is owned by hedge funds and other institutional investors.

Costamare Company Profile

Costamare Inc is a leading owner and manager of containerships, specializing in the acquisition, chartering and operation of modern container vessels. The company secures employment for its fleet under a mix of long‐term and short‐term agreements, providing vital capacity to major shipping lines and leveraging fixed-rate charters to support cash flow stability.

Founded in 1974 and headquartered in Athens, Greece, Costamare has cultivated a disciplined approach to fleet renewal, often overseeing newbuild supervision and shipyard coordination to ensure vessels meet performance and environmental standards.