Barclays PLC Buys 43,925 Shares of Costamare Inc. (NYSE:CMRE)

Barclays PLC raised its holdings in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 291.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,016 shares of the shipping company's stock after purchasing an additional 43,925 shares during the period. Barclays PLC owned 0.05% of Costamare worth $928,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. nVerses Capital LLC grew its holdings in shares of Costamare by 1,700.0% in the 3rd quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company's stock valued at $28,000 after buying an additional 1,700 shares during the period. Gladius Capital Management LP acquired a new stake in shares of Costamare during the third quarter worth about $35,000. Quarry LP lifted its holdings in shares of Costamare by 157.5% during the 3rd quarter. Quarry LP now owns 3,275 shares of the shipping company's stock valued at $51,000 after purchasing an additional 2,003 shares in the last quarter. Redwood Wealth Management Group LLC bought a new stake in Costamare during the 2nd quarter worth approximately $80,000. Finally, Blue Trust Inc. raised its holdings in Costamare by 2,540.4% during the 3rd quarter. Blue Trust Inc. now owns 7,393 shares of the shipping company's stock worth $121,000 after buying an additional 7,113 shares during the period. Institutional investors own 58.08% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on CMRE. StockNews.com lowered shares of Costamare from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Jefferies Financial Group restated a "hold" rating and issued a $13.00 price target on shares of Costamare in a report on Friday, November 1st.

Costamare Stock Up 0.8 %

Shares of NYSE CMRE traded up $0.10 during mid-day trading on Tuesday, hitting $12.85. The company had a trading volume of 260,276 shares, compared to its average volume of 462,457. The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73. The firm has a 50-day simple moving average of $13.49 and a two-hundred day simple moving average of $14.26. The company has a market capitalization of $1.51 billion, a PE ratio of 4.27 and a beta of 1.34. Costamare Inc. has a one year low of $10.14 and a one year high of $17.58.

Costamare (NYSE:CMRE - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The shipping company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. Costamare had a return on equity of 14.28% and a net margin of 19.11%. The firm had revenue of $544.64 million for the quarter, compared to analyst estimates of $434.13 million. During the same quarter in the previous year, the firm earned $0.46 EPS. On average, equities analysts expect that Costamare Inc. will post 2.83 EPS for the current year.

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