Fearnley Fonds downgraded shares of Cool (NYSE:CLCO - Free Report) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.
Cool Price Performance
CLCO traded down $0.06 during trading on Monday, reaching $7.35. The company had a trading volume of 117,739 shares, compared to its average volume of 164,363. The firm's 50-day simple moving average is $8.03 and its 200 day simple moving average is $9.67. Cool has a 12-month low of $6.92 and a 12-month high of $13.68. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 1.01.
Hedge Funds Weigh In On Cool
A number of institutional investors have recently bought and sold shares of CLCO. Donald Smith & CO. Inc. increased its stake 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 purchasing an additional 82,563 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in Cool during the 3rd quarter valued at about $190,000. Apollon Wealth Management LLC grew its stake in Cool by 93.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 21,639 shares of the company's stock valued at $244,000 after acquiring an additional 10,482 shares in the last quarter. Mirabella Financial Services LLP grew its stake in Cool by 6,596.0% during the 3rd quarter. Mirabella Financial Services LLP now owns 4,017,612 shares of the company's stock valued at $45,274,000 after acquiring an additional 3,957,612 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Cool during the 3rd quarter valued at about $124,000. Hedge funds and other institutional investors own 20.66% of the company's stock.
Cool Company Profile
(
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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.
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