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

Fearnley Fonds lowered shares of Cool (NYSE:CLCO) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Cool Price Performance

Cool stock opened at $7.41 on Monday. 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 52-week low of $6.92 and a 52-week high of $13.68. The company has a quick ratio of 0.43, a current ratio of 0.44 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average is $8.02 and its two-hundred day moving average is $9.71.

Institutional Investors Weigh In On Cool

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

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.