COSTAMARE INC/SH (NYSE:CMRE) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, ValuEngine reports.

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.

COSTAMARE INC/SH (NYSE:CMRE) last released its quarterly earnings results on Monday, April 22nd. The shipping company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. COSTAMARE INC/SH had a return on equity of 5.35% and a net margin of 11.59%. The company had revenue of $113.00 million during the quarter, compared to analysts’ expectations of $109.61 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, analysts anticipate that COSTAMARE INC/SH will post 0.55 EPS for the current year.

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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