Cool (NYSE:CLCO) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Cool (NYSE:CLCO) has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, with an additional downgrade from "strong-buy" to "hold" by B. Riley.
• As of the recent trading session, Cool stock experienced a slight increase, reaching $9.27, with a market capitalization of approximately $497.53 million.
• Institutional investor Donald Smith & CO. Inc. increased its stake in Cool by 3.9%, now owning about 6.64% of the company.

Cool (NYSE:CLCO - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Friday.

Separately, B. Riley cut shares of Cool from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".

Cool Stock Up 0.1%

Shares of CLCO stock traded up $0.01 during trading on Friday, hitting $9.27. 157,144 shares of the company were exchanged, compared to its average volume of 137,432. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.79. The firm has a market capitalization of $497.53 million, a price-to-earnings ratio of 13.63 and a beta of 0.61. The business's 50-day simple moving average is $7.64 and its 200 day simple moving average is $6.66. Cool has a twelve month low of $4.51 and a twelve month high of $11.71.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cool stock. Donald Smith & CO. Inc. grew its stake in Cool Company Ltd. (NYSE:CLCO - Free Report) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,564,815 shares of the company's stock after acquiring an additional 132,704 shares during the quarter. Donald Smith & CO. Inc. owned 6.64% of Cool worth $23,884,000 at the end of the most recent quarter. 20.66% of the stock is owned by hedge funds and other institutional investors.

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.

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