Fearnley Fonds Downgrades Capital Clean Energy Carriers (NASDAQ:CCEC) to Hold

Capital Clean Energy Carriers (NASDAQ:CCEC) was downgraded by stock analysts at Fearnley Fonds from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Separately, Raymond James initiated coverage on Capital Clean Energy Carriers in a report on Friday, January 24th. They set an “outperform” rating and a $26.00 target price on the stock.

Capital Clean Energy Carriers Trading Up 0.2 %

NASDAQ CCEC opened at $18.33 on Monday. Capital Clean Energy Carriers has a 1-year low of $14.45 and a 1-year high of $20.26. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.66 and a current ratio of 1.68. The firm has a 50-day moving average of $18.51. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 7.16 and a beta of 0.83.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Capital Clean Energy Carriers had a return on equity of 9.99% and a net margin of 46.85%. As a group, equities research analysts forecast that Capital Clean Energy Carriers will post 1.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capital Clean Energy Carriers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCEC. Larson Financial Group LLC bought a new position in Capital Clean Energy Carriers in the 4th quarter valued at approximately $41,000. RBF Capital LLC bought a new position in shares of Capital Clean Energy Carriers during the 3rd quarter valued at $195,000. Geode Capital Management LLC bought a new position in Capital Clean Energy Carriers in the 3rd quarter worth $268,000. Finally, LPL Financial LLC raised its holdings in Capital Clean Energy Carriers by 2.7% in the 4th quarter. LPL Financial LLC now owns 50,737 shares of the company’s stock worth $932,000 after purchasing an additional 1,339 shares during the period.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company’s vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers.