Cool (NYSE:CLCO) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Cool (NYSE:CLCO) has been upgraded from a "strong sell" to a "hold" rating by analysts at Wall Street Zen.
• The company's stock price opened at $8.10, with a 12-month trading range of $4.51 to $12.41.
• Institutional investors hold 20.66% of Cool's stock, indicating significant interest from sophisticated investors in the company.

Cool (NYSE:CLCO - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "strong sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Cool Stock Performance

CLCO stock traded down $0.16 during midday trading on Friday, reaching $7.64. The stock had a trading volume of 52,898 shares, compared to its average volume of 148,897. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.94 and a current ratio of 0.79. The firm has a fifty day simple moving average of $7.24 and a two-hundred day simple moving average of $6.47. The stock has a market cap of $410.27 million, a PE ratio of 11.23 and a beta of 0.61. Cool has a 52-week low of $4.51 and a 52-week high of $11.94.

Institutional Trading of Cool

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Donald Smith & CO. Inc. increased its position in shares of Cool by 3.9% during the second quarter. Donald Smith & CO. Inc. now owns 3,564,815 shares of the company's stock worth $23,884,000 after purchasing an additional 132,704 shares in the last quarter. ABC Arbitrage SA acquired a new stake in Cool during the 1st quarter worth $82,000. Finally, Barclays PLC grew its holdings in shares of Cool by 3.9% during the fourth quarter. Barclays PLC now owns 50,708 shares of the company's stock worth $403,000 after buying an additional 1,917 shares in the last quarter. 20.66% of the stock is currently 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.