COSTAMARE Inc/SH (CMRE) Position Lifted by Federated Investors Inc. PA

Federated Investors Inc. PA increased its position in shares of COSTAMARE Inc/SH (NYSE:CMRE) by 46,343.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 328,354 shares of the shipping company’s stock after acquiring an additional 327,647 shares during the quarter. Federated Investors Inc. PA’s holdings in COSTAMARE Inc/SH were worth $2,620,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in shares of COSTAMARE Inc/SH by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,299,750 shares of the shipping company’s stock worth $26,332,000 after acquiring an additional 185,475 shares in the last quarter. BlackRock Inc. raised its stake in shares of COSTAMARE Inc/SH by 2.1% during the 2nd quarter. BlackRock Inc. now owns 2,495,173 shares of the shipping company’s stock worth $19,911,000 after acquiring an additional 51,450 shares in the last quarter. Northpointe Capital LLC bought a new position in shares of COSTAMARE Inc/SH during the 2nd quarter worth approximately $9,548,000. Fuller & Thaler Asset Management Inc. raised its stake in shares of COSTAMARE Inc/SH by 24.8% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 1,093,178 shares of the shipping company’s stock worth $8,724,000 after acquiring an additional 217,278 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of COSTAMARE Inc/SH by 134.0% during the 1st quarter. Wells Fargo & Company MN now owns 675,226 shares of the shipping company’s stock worth $4,213,000 after acquiring an additional 386,645 shares in the last quarter. Hedge funds and other institutional investors own 25.98% of the company’s stock.

Several research analysts recently commented on CMRE shares. ValuEngine lowered shares of COSTAMARE Inc/SH from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Morgan Stanley boosted their price objective on shares of COSTAMARE Inc/SH from $7.70 to $9.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 11th. Zacks Investment Research lowered shares of COSTAMARE Inc/SH from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, Wells Fargo & Co dropped their target price on shares of COSTAMARE Inc/SH from $8.50 to $8.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. COSTAMARE Inc/SH has an average rating of “Hold” and an average target price of $7.95.

NYSE:CMRE opened at $6.58 on Friday. The company has a market cap of $718.50 million, a price-to-earnings ratio of 11.96 and a beta of 1.98. COSTAMARE Inc/SH has a twelve month low of $5.45 and a twelve month high of $8.39. The company has a current ratio of 0.80, a quick ratio of 0.75 and a debt-to-equity ratio of 0.67.

COSTAMARE Inc/SH (NYSE:CMRE) last released its earnings results on Tuesday, July 24th. The shipping company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $90.60 million for the quarter, compared to the consensus estimate of $90.98 million. COSTAMARE Inc/SH had a net margin of 15.65% and a return on equity of 5.96%. COSTAMARE Inc/SH’s revenue was down 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. equities research analysts expect that COSTAMARE Inc/SH will post 0.47 earnings per share for the current year.

COSTAMARE Inc/SH Company Profile

Costamare Inc owns and charters containerships to liner companies worldwide. As of February 23, 2018, it had a fleet of 71 containerships with a total capacity of approximately 466,000 twenty foot equivalent unit (TEU), including 64 vessels in the water, aggregating approximately 462,000 TEU; and 1 new build vessel of 3,800 TEU.

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Institutional Ownership by Quarter for COSTAMARE Inc/SH (NYSE:CMRE)

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