Cool (NYSE:CLCO) Downgraded to “Hold” Rating by Fearnley Fonds

Cool (NYSE:CLCO) was downgraded by equities researchers at Fearnley Fonds from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Cool Stock Down 2.1 %

Shares of CLCO opened at $7.41 on Monday. The business’s fifty day moving average price is $8.02 and its two-hundred day moving average price is $9.71. The firm has a market capitalization of $397.92 million, a price-to-earnings ratio of 10.90 and a beta of 0.31. Cool has a 52 week low of $6.92 and a 52 week high of $13.68. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.44.

Institutional Trading of Cool

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Cool in the 4th quarter valued at about $53,000. Public Employees Retirement System of Ohio acquired a new position in Cool in the third quarter valued at approximately $124,000. Quadrature Capital Ltd acquired a new position in Cool in the third quarter valued at approximately $124,000. XTX Topco Ltd bought a new position in Cool in the fourth quarter valued at approximately $94,000. Finally, CWA Asset Management Group LLC acquired a new stake in Cool during the 3rd quarter worth $190,000. 20.66% of the stock is currently owned by institutional investors and hedge funds.

About Cool

Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.