Macquarie Group Ltd. purchased a new position in shares of Costamare Inc (NYSE:CMRE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 54,555 shares of the shipping company’s stock, valued at approximately $337,000. Macquarie Group Ltd. owned approximately 0.05% of Costamare at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Edmond DE Rothschild Holding S.A. lifted its position in shares of Costamare by 8.4% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 45,100 shares of the shipping company’s stock valued at $330,000 after acquiring an additional 3,500 shares in the last quarter. Brandes Investment Partners LP lifted its position in shares of Costamare by 18.2% in the second quarter. Brandes Investment Partners LP now owns 26,033 shares of the shipping company’s stock valued at $190,000 after acquiring an additional 4,000 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Costamare by 7.1% in the second quarter. California State Teachers Retirement System now owns 64,793 shares of the shipping company’s stock valued at $474,000 after acquiring an additional 4,300 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Costamare by 31.4% in the second quarter. Royal Bank of Canada now owns 21,265 shares of the shipping company’s stock valued at $155,000 after acquiring an additional 5,081 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Costamare by 25.5% in the second quarter. The Manufacturers Life Insurance Company now owns 29,117 shares of the shipping company’s stock valued at $212,000 after acquiring an additional 5,912 shares in the last quarter. Institutional investors own 25.79% of the company’s stock.

Several research firms have recently weighed in on CMRE. Zacks Investment Research upgraded Costamare from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. Stifel Nicolaus restated a “hold” rating and issued a $7.00 target price on shares of Costamare in a research report on Thursday, October 12th. Credit Suisse Group set a $7.00 target price on Costamare and gave the company a “hold” rating in a research report on Wednesday, October 25th. ValuEngine upgraded Costamare from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, BidaskClub downgraded Costamare from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $7.04.

Costamare Inc (NYSE:CMRE) opened at $5.86 on Friday. Costamare Inc has a 1 year low of $5.07 and a 1 year high of $8.18. The company has a market capitalization of $626.35, a P/E ratio of 6.66, a P/E/G ratio of 1.55 and a beta of 2.11. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.92 and a current ratio of 0.96.

Costamare (NYSE:CMRE) last announced its quarterly earnings data on Tuesday, October 24th. The shipping company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. Costamare had a return on equity of 7.57% and a net margin of 14.03%. The firm had revenue of $98.40 million for the quarter, compared to the consensus estimate of $100.24 million. During the same quarter last year, the business posted $0.37 earnings per share. The firm’s revenue was down 14.7% compared to the same quarter last year. analysts forecast that Costamare Inc will post 0.76 EPS for the current year.

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About Costamare

Costamare Inc (Costamare) is a holding company. The Company is an international owner of containerships. The Company is engaged in chartering its vessels to various liner companies. The Company provides marine transportation services around the world by chartering its container vessels to liner operators under long, medium and short-term time charters.

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Institutional Ownership by Quarter for Costamare (NYSE:CMRE)

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