COSTAMARE INC/SH (CMRE) Rating Lowered to Sell at ValuEngine
A number of other equities analysts have also recently weighed in on CMRE. Zacks Investment Research raised COSTAMARE INC/SH from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a report on Monday, January 28th. Morgan Stanley set a $8.00 price target on COSTAMARE INC/SH and gave the stock a “buy” rating in a report on Friday, February 15th.
Shares of NYSE CMRE traded down $0.34 during trading on Thursday, reaching $5.23. The company had a trading volume of 545,200 shares, compared to its average volume of 318,117. COSTAMARE INC/SH has a twelve month low of $4.20 and a twelve month high of $8.39. The stock has a market cap of $626.40 million, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 2.08 and a beta of 2.23. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 1.03.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMRE. Vanguard Group Inc. raised its holdings in shares of COSTAMARE INC/SH by 6.9% in the third quarter. Vanguard Group Inc. now owns 157,477 shares of the shipping company’s stock worth $1,022,000 after acquiring an additional 10,123 shares during the last quarter. Vanguard Group Inc increased its stake in COSTAMARE INC/SH by 6.9% in the third quarter. Vanguard Group Inc now owns 157,477 shares of the shipping company’s stock valued at $1,022,000 after purchasing an additional 10,123 shares during the last quarter. Teachers Advisors LLC increased its stake in COSTAMARE INC/SH by 2.5% in the third quarter. Teachers Advisors LLC now owns 239,955 shares of the shipping company’s stock valued at $1,557,000 after purchasing an additional 5,869 shares during the last quarter. Rhumbline Advisers increased its stake in COSTAMARE INC/SH by 42.7% in the fourth quarter. Rhumbline Advisers now owns 68,161 shares of the shipping company’s stock valued at $299,000 after purchasing an additional 20,383 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in COSTAMARE INC/SH in the fourth quarter valued at $136,000. 21.33% of the stock is owned by institutional investors.
COSTAMARE INC/SH Company Profile
Costamare Inc owns and charters containerships to liner companies worldwide. As of February 27, 2019, it had a fleet of 78 containerships with a total capacity of approximately 548,000 twenty foot equivalent unit (TEU), including 73 vessels in the water, aggregating approximately 484,000 TEU; and 5 new build vessels of 64,000 TEU.
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