Fearnley Fonds Downgrades Cool (NYSE:CLCO) to Hold

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

Cool Stock Down 2.1 %

CLCO stock opened at $7.41 on Monday. The firm’s fifty day moving average is $8.02 and its 200 day moving average is $9.71. The firm has a market cap of $397.92 million, a PE ratio of 10.90 and a beta of 0.31. Cool has a one year low of $6.92 and a one year 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.

Hedge Funds Weigh In On Cool

Hedge funds have recently bought and sold shares of the business. Mirabella Financial Services LLP increased its position in shares of Cool by 6,596.0% in the third quarter. Mirabella Financial Services LLP now owns 4,017,612 shares of the company’s stock valued at $45,274,000 after buying an additional 3,957,612 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in Cool by 2.4% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,462,769 shares of the company’s stock worth $39,095,000 after acquiring an additional 82,563 shares in the last quarter. Barclays PLC lifted its holdings in Cool by 3.9% during the fourth quarter. Barclays PLC now owns 50,708 shares of the company’s stock valued at $403,000 after purchasing an additional 1,917 shares in the last quarter. Apollon Wealth Management LLC grew its position in shares of Cool by 93.9% in the third quarter. Apollon Wealth Management LLC now owns 21,639 shares of the company’s stock valued at $244,000 after purchasing an additional 10,482 shares during the period. Finally, CWA Asset Management Group LLC purchased a new stake in shares of Cool during the third quarter worth about $190,000. Hedge funds and other institutional investors 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.