Capital Clean Energy Carriers (NASDAQ:CCEC) Stock Rating Lowered by Fearnley Fonds

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 note issued to investors on Monday,Zacks.com reports.

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

Capital Clean Energy Carriers Stock Up 0.2 %

Shares of CCEC stock opened at $18.33 on Monday. The stock’s fifty day moving average is $18.51. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.68 and a quick ratio of 1.66. Capital Clean Energy Carriers has a 12-month low of $14.45 and a 12-month high of $20.26. The company has a market capitalization of $1.07 billion, a P/E ratio of 7.16 and a beta of 0.83.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its earnings results on Thursday, February 6th. The company reported $0.36 EPS for the quarter, hitting the consensus estimate 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 year.

Institutional Trading of Capital Clean Energy Carriers

A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Capital Clean Energy Carriers by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 15,362 shares of the company’s stock valued at $281,000 after acquiring an additional 1,058 shares during the last quarter. LPL Financial LLC lifted its stake in Capital Clean Energy Carriers by 2.7% in the fourth quarter. LPL Financial LLC now owns 50,737 shares of the company’s stock valued at $932,000 after acquiring an additional 1,339 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Capital Clean Energy Carriers in the fourth quarter valued at $41,000. Finally, RBF Capital LLC acquired a new stake in Capital Clean Energy Carriers in the third quarter valued at $195,000.

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.