Costamare (NYSE:CMRE) Given "Hold" Rating at Jefferies Financial Group

Costamare (NYSE:CMRE - Get Free Report)'s stock had its "hold" rating reiterated by analysts at Jefferies Financial Group in a research report issued on Wednesday,Benzinga reports. They currently have a $13.00 price objective on the shipping company's stock. Jefferies Financial Group's price objective would suggest a potential upside of 23.28% from the company's previous close.

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

Costamare Price Performance

Shares of NYSE CMRE traded down $0.18 during mid-day trading on Wednesday, reaching $10.55. The company's stock had a trading volume of 694,686 shares, compared to its average volume of 390,921. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.56. Costamare has a 52 week low of $10.51 and a 52 week high of $17.58. The stock has a fifty day moving average of $12.48 and a two-hundred day moving average of $13.53. The firm has a market capitalization of $1.24 billion, a PE ratio of 4.32 and a beta of 1.31.

Costamare (NYSE:CMRE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. Costamare had a return on equity of 14.03% and a net margin of 15.14%. As a group, sell-side analysts anticipate that Costamare will post 2.73 EPS for the current fiscal year.

Institutional Trading of Costamare

Hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC grew its holdings in shares of Costamare by 577.2% in the third quarter. Sanctuary Advisors LLC now owns 76,309 shares of the shipping company's stock valued at $1,200,000 after purchasing an additional 65,040 shares in the last quarter. Barclays PLC increased its holdings in shares of Costamare by 291.1% in the 3rd quarter. Barclays PLC now owns 59,016 shares of the shipping company's stock worth $928,000 after buying an additional 43,925 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Costamare during the 3rd quarter valued at about $886,000. Foundry Partners LLC bought a new position in shares of Costamare in the 3rd quarter valued at about $4,032,000. Finally, State Street Corp grew its position in Costamare by 2.6% in the third quarter. State Street Corp now owns 1,213,838 shares of the shipping company's stock worth $19,082,000 after acquiring an additional 30,986 shares in the last quarter. 58.08% of the stock is owned by hedge funds and other institutional investors.

About Costamare