Capital Clean Energy Carriers (NASDAQ:CCEC) Stock Rating Lowered by Zacks Research

Capital Clean Energy Carriers (NASDAQ:CCEC) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Weiss Ratings cut Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, January 23rd. BTIG Research assumed coverage on shares of Capital Clean Energy Carriers in a research report on Friday, December 19th. They issued a “buy” rating and a $25.00 target price for the company. Finally, Capital One Financial set a $25.00 price target on shares of Capital Clean Energy Carriers in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.33.

Capital Clean Energy Carriers Price Performance

Shares of NASDAQ CCEC opened at $20.40 on Thursday. The firm has a market cap of $1.19 billion, a P/E ratio of 7.11 and a beta of 0.66. The business’s 50 day moving average is $21.55 and its 200-day moving average is $21.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Capital Clean Energy Carriers has a 1-year low of $14.09 and a 1-year high of $24.83.

Hedge Funds Weigh In On Capital Clean Energy Carriers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its holdings in shares of Capital Clean Energy Carriers by 2.5% during the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock worth $547,000 after purchasing an additional 651 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Capital Clean Energy Carriers by 9.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock worth $3,224,000 after purchasing an additional 12,097 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Capital Clean Energy Carriers in the 3rd quarter valued at approximately $382,000. MGO One Seven LLC boosted its position in shares of Capital Clean Energy Carriers by 11.8% during the 3rd quarter. MGO One Seven LLC now owns 10,318 shares of the company’s stock worth $232,000 after acquiring an additional 1,087 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Capital Clean Energy Carriers during the second quarter worth $127,000.

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. 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.