Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Down – Here’s What Happened

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $21.64, but opened at $20.25. Capital Clean Energy Carriers shares last traded at $20.9450, with a volume of 617 shares changing hands.

Wall Street Analyst Weigh In

CCEC has been the topic of a number of recent analyst reports. Zacks Research downgraded Capital Clean Energy Carriers from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 26th. Jefferies Financial Group initiated coverage on Capital Clean Energy Carriers in a research report on Friday. They set a “hold” rating and a $20.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Capital Clean Energy Carriers in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.00.

Capital Clean Energy Carriers Trading Down 2.7%

The business has a 50-day simple moving average of $20.82 and a two-hundred day simple moving average of $20.96. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 7.12 and a beta of 0.68. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.86 and a quick ratio of 0.86.

Hedge Funds Weigh In On Capital Clean Energy Carriers

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Capital Clean Energy Carriers by 59.8% during the second 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 period. Squarepoint Ops LLC bought a new stake in shares of Capital Clean Energy Carriers during the third quarter worth approximately $382,000. Raymond James Financial Inc. bought a new stake in shares of Capital Clean Energy Carriers during the second quarter worth approximately $127,000. Geode Capital Management LLC boosted its holdings in shares of Capital Clean Energy Carriers by 10.1% during the second 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 period. Finally, MGO One Seven LLC boosted its holdings in shares of Capital Clean Energy Carriers by 11.8% during the third 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 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. 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.