40,800 Shares in Costamare Inc (CMRE) Purchased by Schroder Investment Management Group

Schroder Investment Management Group acquired a new position in shares of Costamare Inc (NYSE:CMRE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,800 shares of the shipping company’s stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Chicago Equity Partners LLC lifted its stake in shares of Costamare by 2,091.9% in the 2nd quarter. Chicago Equity Partners LLC now owns 227,960 shares of the shipping company’s stock valued at $1,666,000 after purchasing an additional 217,560 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Costamare by 18.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 170,646 shares of the shipping company’s stock valued at $1,247,000 after purchasing an additional 26,124 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Costamare by 15,719.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,601,704 shares of the shipping company’s stock valued at $19,019,000 after purchasing an additional 2,585,258 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Costamare by 70.1% in the 2nd quarter. Alliancebernstein L.P. now owns 57,000 shares of the shipping company’s stock valued at $417,000 after purchasing an additional 23,500 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Costamare by 27.9% in the 3rd quarter. Prudential Financial Inc. now owns 420,570 shares of the shipping company’s stock valued at $2,599,000 after purchasing an additional 91,650 shares during the last quarter. 25.62% of the stock is currently owned by institutional investors.

Shares of Costamare Inc (NYSE CMRE) opened at $5.93 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $626.35, a price-to-earnings ratio of 6.66, a P/E/G ratio of 1.55 and a beta of 2.11. Costamare Inc has a 1-year low of $5.07 and a 1-year high of $8.18.

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

Several brokerages have recently commented on CMRE. BidaskClub lowered Costamare from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. ValuEngine lowered Costamare from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, Zacks Investment Research raised Costamare from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $7.04.

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Costamare Company Profile

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.

Institutional Ownership by Quarter for Costamare (NYSE:CMRE)

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