Cool (NYSE:CLCO) Stock Rating Lowered by Fearnley Fonds

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

Cool Price Performance

Shares of CLCO opened at $7.41 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.44 and a quick ratio of 0.43. The company’s fifty day moving average price is $8.02 and its 200-day moving average price is $9.71. Cool has a 1-year low of $6.92 and a 1-year high of $13.68. The firm has a market capitalization of $397.92 million, a PE ratio of 10.90 and a beta of 0.31.

Institutional Investors Weigh In On Cool

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd purchased a new position in Cool during the 4th quarter worth approximately $94,000. Barclays PLC increased its stake in shares of Cool by 3.9% in the fourth 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. Quantbot Technologies LP purchased a new position in shares of Cool during the fourth quarter worth $53,000. Public Employees Retirement System of Ohio acquired a new position in Cool during the third quarter valued at $124,000. Finally, Quadrature Capital Ltd purchased a new stake in Cool in the third quarter valued at $124,000. Institutional investors and hedge funds own 20.66% of the company’s stock.

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.