Squarepoint Ops LLC Has $159,000 Stock Position in Costamare Inc. (NYSE:CMRE)


Share on StockTwits

Squarepoint Ops LLC increased its stake in Costamare Inc. (NYSE:CMRE) by 100.3% during the third quarter, Holdings Channel.com reports. The fund owned 26,115 shares of the shipping company’s stock after buying an additional 13,076 shares during the period. Squarepoint Ops LLC’s holdings in Costamare were worth $159,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. California Public Employees Retirement System lifted its stake in shares of Costamare by 3.4% in the third quarter. California Public Employees Retirement System now owns 117,743 shares of the shipping company’s stock worth $715,000 after acquiring an additional 3,900 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Costamare by 2,170.4% in the third quarter. Acadian Asset Management LLC now owns 135,452 shares of the shipping company’s stock worth $823,000 after acquiring an additional 129,486 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Costamare by 1,221.6% in the third quarter. Nisa Investment Advisors LLC now owns 41,630 shares of the shipping company’s stock worth $253,000 after acquiring an additional 38,480 shares during the period. AQR Capital Management LLC lifted its stake in shares of Costamare by 10.3% in the second quarter. AQR Capital Management LLC now owns 107,840 shares of the shipping company’s stock worth $600,000 after acquiring an additional 10,033 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Costamare in the third quarter worth approximately $95,000. 23.74% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on CMRE shares. Citigroup raised Costamare from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $4.00 to $6.50 in a research note on Monday, September 28th. Zacks Investment Research downgraded Costamare from a “buy” rating to a “hold” rating in a report on Friday, December 18th. ValuEngine upgraded Costamare from a “strong sell” rating to a “sell” rating in a report on Friday, November 20th. Finally, Stifel Nicolaus lifted their target price on Costamare from $8.00 to $9.50 and gave the stock a “buy” rating in a report on Monday, October 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Costamare has an average rating of “Hold” and a consensus price target of $7.83.

Shares of CMRE stock opened at $8.28 on Friday. The company has a market cap of $1.00 billion, a P/E ratio of -75.27 and a beta of 1.86. The stock has a 50 day simple moving average of $7.42 and a two-hundred day simple moving average of $5.98. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.74 and a current ratio of 0.79. Costamare Inc. has a fifty-two week low of $3.16 and a fifty-two week high of $10.85.

Costamare (NYSE:CMRE) last released its quarterly earnings data on Tuesday, October 27th. The shipping company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The firm had revenue of $107.90 million for the quarter, compared to the consensus estimate of $112.87 million. Costamare had a net margin of 3.80% and a return on equity of 11.59%. On average, research analysts predict that Costamare Inc. will post 1.04 earnings per share for the current year.

Costamare Company Profile

Costamare Inc owns and charters containerships to liner companies worldwide. As of February 25, 2020, it had a fleet of 75 containerships with a total capacity of approximately 547,000 twenty foot equivalent unit, including 5 vessels under construction. The company was founded in 1974 and is based in Monaco.

Featured Article: Does a trade war provide a risk to the global economy?

Want to see what other hedge funds are holding CMRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costamare Inc. (NYSE:CMRE).

Institutional Ownership by Quarter for Costamare (NYSE:CMRE)

Receive News & Ratings for Costamare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costamare and related companies with MarketBeat.com's FREE daily email newsletter.