Cool (NYSE:CLCO) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Cool (NYSE:CLCO) from a strong sell rating to a hold rating in a research note released on Saturday.

Cool Stock Performance

Shares of CLCO opened at $8.10 on Friday. The stock has a 50-day moving average of $7.21 and a two-hundred day moving average of $6.46. Cool has a one year low of $4.51 and a one year high of $12.41. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.79. The stock has a market cap of $434.76 million, a P/E ratio of 11.91 and a beta of 0.61.

Institutional Trading of Cool

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC lifted its position in Cool by 3.9% during the 4th quarter. Barclays PLC now owns 50,708 shares of the company’s stock worth $403,000 after acquiring an additional 1,917 shares during the period. ABC Arbitrage SA acquired a new stake in Cool during the 1st quarter worth about $82,000. Finally, Donald Smith & CO. Inc. lifted its position in Cool by 3.9% during the 2nd quarter. Donald Smith & CO. Inc. now owns 3,564,815 shares of the company’s stock worth $23,884,000 after acquiring an additional 132,704 shares during the period. Institutional investors and hedge funds own 20.66% of the company’s stock.

Cool Company Profile

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.