Costamare (NYSE:CMRE) Stock Rating Lowered by StockNews.com

Costamare (NYSE:CMRE) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

A number of other research analysts also recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Costamare from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, May 10th. Stifel Nicolaus lifted their price objective on shares of Costamare from $11.50 to $12.00 and gave the stock a “hold” rating in a research report on Friday, April 19th.

Costamare Stock Up 0.6 %

Shares of Costamare stock opened at $14.73 on Tuesday. The firm’s 50 day moving average price is $12.00 and its 200-day moving average price is $11.00. The company has a quick ratio of 1.81, a current ratio of 1.91 and a debt-to-equity ratio of 0.80. Costamare has a 52-week low of $7.71 and a 52-week high of $14.77. The company has a market cap of $1.73 billion, a P/E ratio of 5.71 and a beta of 1.32.

Institutional Trading of Costamare

Large investors have recently made changes to their positions in the business. Parallel Advisors LLC boosted its holdings in shares of Costamare by 197.8% in the 4th 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 during the last quarter. Quarry LP boosted its holdings in shares of Costamare by 48.5% in the 4th quarter. Quarry LP now owns 4,216 shares of the shipping company’s stock valued at $44,000 after acquiring an additional 1,376 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Costamare in the 4th quarter valued at $114,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Costamare in the 1st quarter valued at $132,000. Finally, Raymond James & Associates purchased a new stake in shares of Costamare in the 4th quarter valued at $135,000. 58.08% of the stock is owned by hedge funds and other institutional investors.

Costamare Company Profile