Costamare’s (CMRE) Hold Rating Reiterated at Jefferies Financial Group

Costamare (NYSE:CMRE)‘s stock had its “hold” rating restated by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $13.00 target price on the shipping company’s stock. Jefferies Financial Group’s price target points to a potential upside of 14.18% from the company’s current price.

Separately, StockNews.com cut shares of Costamare from a “buy” rating to a “hold” rating in a research note on Friday, January 31st.

Costamare Stock Down 2.6 %

Shares of CMRE opened at $11.39 on Wednesday. Costamare has a 52 week low of $10.29 and a 52 week high of $17.58. The firm has a market capitalization of $1.34 billion, a P/E ratio of 3.79 and a beta of 1.31. The company has a 50-day simple moving average of $12.62 and a 200-day simple moving average of $13.60. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 1.65.

Costamare (NYSE:CMRE) last announced its earnings results on Wednesday, February 5th. The shipping company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. Costamare had a net margin of 19.11% and a return on equity of 14.28%. On average, equities research analysts expect that Costamare will post 2.74 earnings per share for the current year.

Institutional Investors Weigh In On Costamare

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. purchased a new stake in shares of Costamare during the second quarter worth about $674,000. AQR Capital Management LLC lifted its stake in Costamare by 69.8% in the second quarter. AQR Capital Management LLC now owns 77,622 shares of the shipping company’s stock valued at $1,275,000 after acquiring an additional 31,896 shares during the last quarter. Creative Planning raised its position in shares of Costamare by 5.2% during the second quarter. Creative Planning now owns 55,067 shares of the shipping company’s stock valued at $905,000 after buying an additional 2,703 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Costamare by 39.0% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 16,188 shares of the shipping company’s stock worth $266,000 after purchasing an additional 4,544 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Costamare during the second quarter valued at $185,000. Hedge funds and other institutional investors own 58.08% of the company’s stock.

Costamare Company Profile