Susquehanna Fundamental Investments LLC Grows Position in Costamare Inc. (NYSE:CMRE)

Susquehanna Fundamental Investments LLC increased its position in Costamare Inc. (NYSE:CMRE - Free Report) by 408.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,495 shares of the shipping company's stock after buying an additional 95,196 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.10% of Costamare worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMRE. Acadian Asset Management LLC increased its stake in shares of Costamare by 1,322.0% during the second quarter. Acadian Asset Management LLC now owns 1,469,697 shares of the shipping company's stock valued at $24,119,000 after buying an additional 1,366,344 shares during the period. Federated Hermes Inc. increased its stake in shares of Costamare by 25,731.0% during the second quarter. Federated Hermes Inc. now owns 401,414 shares of the shipping company's stock valued at $6,595,000 after buying an additional 399,860 shares during the period. Marshall Wace LLP increased its stake in shares of Costamare by 985.5% during the second quarter. Marshall Wace LLP now owns 357,557 shares of the shipping company's stock valued at $5,875,000 after buying an additional 324,618 shares during the period. Bridgeway Capital Management LLC increased its stake in shares of Costamare by 20.6% during the first quarter. Bridgeway Capital Management LLC now owns 1,583,997 shares of the shipping company's stock valued at $17,978,000 after buying an additional 270,168 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Costamare by 62.9% during the second quarter. American Century Companies Inc. now owns 621,764 shares of the shipping company's stock valued at $10,216,000 after buying an additional 239,970 shares during the period. Institutional investors own 58.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CMRE. Jefferies Financial Group increased their price objective on Costamare from $12.00 to $13.00 and gave the stock a "hold" rating in a report on Wednesday, July 31st. Stifel Nicolaus increased their price target on shares of Costamare from $12.00 to $14.00 and gave the company a "hold" rating in a report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of Costamare from a "hold" rating to a "buy" rating in a report on Friday, August 23rd.

Costamare Stock Performance

CMRE stock traded down $0.18 on Tuesday, hitting $15.54. The company had a trading volume of 187,612 shares, compared to its average volume of 518,280. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 0.77. Costamare Inc. has a 12-month low of $8.54 and a 12-month high of $17.58. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 5.97 and a beta of 1.37. The stock's 50-day simple moving average is $14.06 and its 200 day simple moving average is $13.86.

Costamare (NYSE:CMRE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The shipping company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.72 by $0.05. The firm had revenue of $515.42 million for the quarter, compared to the consensus estimate of $380.41 million. Costamare had a net margin of 19.63% and a return on equity of 13.63%. As a group, equities research analysts expect that Costamare Inc. will post 3.05 earnings per share for the current fiscal year.

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