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

Capital Clean Energy Carriers (NASDAQ:CCEC) was downgraded by equities researchers 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 shares of Capital Clean Energy Carriers in a research note on Friday, January 24th. They issued an “outperform” rating and a $26.00 price objective for the company.

Capital Clean Energy Carriers Stock Up 0.2 %

Shares of Capital Clean Energy Carriers stock opened at $18.33 on Monday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 7.16 and a beta of 0.83. The firm’s 50-day moving average price is $18.51. The company has a current ratio of 1.68, a quick ratio of 1.66 and a debt-to-equity ratio of 2.04. Capital Clean Energy Carriers has a twelve month low of $14.45 and a twelve month high of $20.26.

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

Hedge Funds Weigh In On Capital Clean Energy Carriers

Institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC purchased a new position in Capital Clean Energy Carriers during the fourth quarter valued at approximately $41,000. RBF Capital LLC purchased a new position in Capital Clean Energy Carriers during the third quarter valued at approximately $195,000. Geode Capital Management LLC purchased a new position in Capital Clean Energy Carriers during the third quarter valued at approximately $268,000. Finally, LPL Financial LLC increased its holdings in Capital Clean Energy Carriers by 2.7% during the fourth quarter. LPL Financial LLC now owns 50,737 shares of the company’s stock valued at $932,000 after buying an additional 1,339 shares during the period.

About Capital Clean Energy Carriers

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.