Cool (NYSE:CLCO) Cut to “Hold” at Fearnley Fonds

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

Cool Price Performance

Cool stock opened at $7.41 on Monday. Cool has a 12-month low of $6.92 and a 12-month high of $13.68. The stock has a market capitalization of $397.92 million, a P/E ratio of 10.90 and a beta of 0.31. The firm’s 50-day moving average is $8.02 and its two-hundred day moving average is $9.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.44 and a quick ratio of 0.43.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CLCO. Donald Smith & CO. Inc. lifted its holdings in shares of Cool by 2.4% during 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 during the period. CWA Asset Management Group LLC purchased a new position in shares of Cool during the 3rd quarter worth about $190,000. Apollon Wealth Management LLC lifted its holdings in shares of Cool by 93.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 21,639 shares of the company’s stock worth $244,000 after acquiring an additional 10,482 shares during the period. Mirabella Financial Services LLP lifted its holdings in shares of Cool by 6,596.0% during the 3rd quarter. Mirabella Financial Services LLP now owns 4,017,612 shares of the company’s stock worth $45,274,000 after acquiring an additional 3,957,612 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of Cool during the 3rd quarter worth about $124,000. 20.66% of the stock is currently owned by hedge funds and other institutional investors.

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.