Highbridge Capital Management LLC acquired a new stake in shares of Costamare Inc (NYSE:CMRE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,102 shares of the shipping company’s stock, valued at approximately $124,000.

Other hedge funds have also modified their holdings of the company. Voya Investment Management LLC purchased a new position in Costamare during the second quarter valued at approximately $105,000. FNY Partners Fund LP acquired a new stake in Costamare in the third quarter valued at approximately $106,000. Penn Capital Management Co. Inc. acquired a new stake in Costamare in the second quarter valued at approximately $125,000. Royal Bank of Canada boosted 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 in the last quarter. Finally, Commerce Bank acquired a new stake in Costamare in the third quarter valued at approximately $155,000. 25.62% of the stock is currently owned by institutional investors.

Shares of Costamare Inc (NYSE:CMRE) opened at $5.95 on Thursday. Costamare Inc has a one year low of $5.07 and a one year high of $8.18. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.87. The company has a market cap of $628.49, a price-to-earnings ratio of 6.68, a PEG ratio of 1.55 and a beta of 2.11.

Costamare (NYSE:CMRE) last posted its quarterly earnings data on Tuesday, October 24th. The shipping company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Costamare had a net margin of 14.03% and a return on equity of 7.57%. The business had revenue of $98.40 million during the quarter, compared to the consensus estimate of $100.24 million. During the same period in the previous year, the firm posted $0.37 earnings per share. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. research analysts predict that Costamare Inc will post 0.76 EPS for the current fiscal year.

Several equities research analysts have weighed in on CMRE shares. ValuEngine upgraded shares of Costamare from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Costamare from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Tuesday, September 26th. Credit Suisse Group set a $7.00 target price on shares of Costamare and gave the company a “hold” rating in a research note on Wednesday, October 25th. BidaskClub upgraded shares of Costamare from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $7.00 target price on shares of Costamare in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.04.

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About Costamare

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.

Institutional Ownership by Quarter for Costamare (NYSE:CMRE)

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