Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Down – Time to Sell?

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC)’s share 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 traded.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CCEC. Zacks Research lowered Capital Clean Energy Carriers from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Capital Clean Energy Carriers in a report on Wednesday. Finally, Jefferies Financial Group began coverage on shares of Capital Clean Energy Carriers in a research report on Friday. They set a “hold” rating and a $20.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.00.

Capital Clean Energy Carriers Price Performance

The stock has a market capitalization of $1.16 billion, a P/E ratio of 6.90 and a beta of 0.68. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a 50-day moving average price of $20.76 and a 200 day moving average price of $20.93.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Millennium Management LLC lifted its holdings in shares of 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. MGO One Seven LLC boosted its stake in shares of Capital Clean Energy Carriers by 11.8% in the 3rd quarter. MGO One Seven LLC now owns 10,318 shares of the company’s stock valued at $232,000 after purchasing an additional 1,087 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Capital Clean Energy Carriers by 10.1% during the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock valued at $414,000 after purchasing an additional 1,621 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Capital Clean Energy Carriers in the 2nd quarter worth $127,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Capital Clean Energy Carriers by 9.2% in the 3rd 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.

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.