Capital Clean Energy Carriers (NASDAQ:CCEC) Upgraded by Wall Street Zen to Hold Rating

Capital Clean Energy Carriers (NASDAQ:CCEC) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Other analysts have also recently issued reports about the company. Zacks Research raised Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Jefferies Financial Group boosted their price target on Capital Clean Energy Carriers from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Capital Clean Energy Carriers in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $24.75.

Capital Clean Energy Carriers Stock Performance

Capital Clean Energy Carriers stock opened at $21.36 on Friday. The stock’s 50 day simple moving average is $20.80 and its two-hundred day simple moving average is $21.01. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.38 and a current ratio of 1.39. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 11.30 and a beta of 0.61. Capital Clean Energy Carriers has a fifty-two week low of $16.77 and a fifty-two week high of $24.83.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.08). The firm had revenue of $98.01 million for the quarter, compared to the consensus estimate of $103.48 million. Capital Clean Energy Carriers had a net margin of 28.02% and a return on equity of 6.73%. As a group, analysts expect that Capital Clean Energy Carriers will post 1.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of hedge funds have recently added to or reduced their stakes in CCEC. Raymond James Financial Inc. purchased a new position in Capital Clean Energy Carriers in the 2nd quarter worth approximately $127,000. Squarepoint Ops LLC purchased a new position in Capital Clean Energy Carriers in the 3rd quarter worth approximately $382,000. Geode Capital Management LLC raised its holdings in Capital Clean Energy Carriers by 10.1% in the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock worth $414,000 after acquiring an additional 1,621 shares during the last quarter. Millennium Management LLC raised its holdings in Capital Clean Energy Carriers by 2.5% in the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock worth $547,000 after acquiring an additional 651 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Capital Clean Energy Carriers by 59.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock worth $3,065,000 after acquiring an additional 49,075 shares during the last quarter.

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. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals.