Donald Smith & CO. Inc. Trims Stock Position in Cool Company Ltd. (NYSE:CLCO)

Donald Smith & CO. Inc. decreased its holdings in Cool Company Ltd. (NYSE:CLCO) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,440,652 shares of the company’s stock after selling 22,117 shares during the quarter. Donald Smith & CO. Inc. owned approximately 6.41% of Cool worth $27,353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Cool in the fourth quarter valued at approximately $53,000. Public Employees Retirement System of Ohio acquired a new position in shares of Cool in the 3rd quarter valued at $124,000. Quadrature Capital Ltd purchased a new stake in shares of Cool during the 3rd quarter valued at $124,000. Finally, Barclays PLC increased its holdings in shares of Cool by 2,551.7% during the 3rd quarter. Barclays PLC now owns 48,791 shares of the company’s stock worth $551,000 after buying an additional 46,951 shares during the last quarter. Institutional investors and hedge funds own 20.66% of the company’s stock.

Analyst Ratings Changes

Separately, Fearnley Fonds cut Cool from a “strong-buy” rating to a “hold” rating in a report on Monday, February 17th.

Cool Stock Down 1.5 %

Shares of NYSE:CLCO opened at $5.35 on Thursday. The stock has a 50-day simple moving average of $6.71 and a 200-day simple moving average of $8.54. The stock has a market capitalization of $287.31 million, a P/E ratio of 7.87 and a beta of 0.64. Cool Company Ltd. has a 1 year low of $4.94 and a 1 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.

Cool 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.