Costamare (CMRE)

• Market cap: $1.48B
• 1 day: -0.24%
• 5 days: -3.65%
• 1 month: -14.20%
• 3 months: -14.14%
• 6 months: -24.22%
• Year to date: 16.01%
• 1 year: 22.92%
• 5 years: 29.33%
• 10 years: -33.81%

About: Costamare Inc is an international owner and operator of containerships and dry bulk vessels. The company charter its containerships to the liner companies, providing transportation of containerized cargoes. It charter its dry bulk vessels to a wide variety of customers, providing transportation for dry bulk cargoes. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant, Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates a majority of its revenue from the United States of America.

Employees: 2,750

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

283% more call options, than puts

Call options by funds: $16M | Put options by funds: $4.18M

47% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 47

1% more funds holding

Funds holding: 162 [Q2] → 164 (+2) [Q3]

1.02% more ownership

Funds ownership: 27.08% [Q2] → 28.1% (+1.02%) [Q3]

8% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 25

1% less capital invested

Capital invested by funds: $528M [Q2] → $524M (-$3.78M) [Q3]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $13 5% upside
• Avg. target: $13 5% upside
• High target: $13 5% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Jefferies Omar Nokta 14% 1-year accuracy 8 / 57 met price target

5% upside $13

Hold Maintained

1 Nov 2024