Costamare (NYSE:CMRE – Get Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus upped their price target on shares of Costamare from $12.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Jefferies Financial Group raised their price objective on shares of Costamare from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st.
Check Out Our Latest Report on CMRE
Costamare Stock Down 0.5 %
Institutional Investors Weigh In On Costamare
A number of institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC raised its stake in shares of Costamare by 197.8% during the fourth quarter. Parallel Advisors LLC now owns 4,059 shares of the shipping company’s stock valued at $42,000 after acquiring an additional 2,696 shares in the last quarter. Quarry LP raised its position in Costamare by 48.5% during the 4th quarter. Quarry LP now owns 4,216 shares of the shipping company’s stock valued at $44,000 after purchasing an additional 1,376 shares in the last quarter. CWM LLC raised its position in Costamare by 53.6% during the 2nd quarter. CWM LLC now owns 4,302 shares of the shipping company’s stock valued at $71,000 after purchasing an additional 1,502 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in shares of Costamare in the 2nd quarter worth $80,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Costamare during the 1st quarter worth $132,000. 58.08% of the stock is owned by institutional investors.
Costamare Company Profile
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