Cool's (CLCO) "Hold (C-)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated its "hold (C-)" rating for Cool (CLCO) following previous adjustments from other brokerages that have downgraded the stock's rating.
• Cool's stock price increased by 0.1%, trading at $9.56 with a market cap of $513.37 million and a PE ratio of 14.06.
• An institutional investor, Donald Smith & CO. Inc., increased its stake in Cool by 3.9%, owning approximately 6.64% of the company, worth about $23.9 million.

Cool (NYSE:CLCO - Get Free Report)'s stock had its "hold (c-)" rating reissued by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other brokerages have also commented on CLCO. Wall Street Zen lowered Cool from a "hold" rating to a "sell" rating in a report on Friday, September 26th. B. Riley lowered Cool from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 24th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Cool Stock Up 0.1%

Shares of NYSE CLCO traded up $0.01 during mid-day trading on Wednesday, reaching $9.56. 527,035 shares of the company traded hands, compared to its average volume of 334,408. 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 stock has a market cap of $513.37 million, a PE ratio of 14.06 and a beta of 0.70. The company's fifty day moving average is $8.06 and its two-hundred day moving average is $6.88. Cool has a fifty-two week low of $4.51 and a fifty-two week high of $11.63.

Hedge Funds Weigh In On Cool

An institutional investor recently raised its position in Cool stock. Donald Smith & CO. Inc. raised 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 disclosure with the Securities & Exchange Commission. The institutional investor owned 3,564,815 shares of the company's stock after purchasing an additional 132,704 shares during the quarter. Donald Smith & CO. Inc. owned approximately 6.64% of Cool worth $23,884,000 at the end of the most recent reporting period. Institutional investors own 20.66% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.