Donald Smith & CO. Inc. Reduces Holdings in Cool Company Ltd. (NYSE:CLCO)

Donald Smith & CO. Inc. reduced its position in Cool Company Ltd. (NYSE:CLCO) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,440,652 shares of the company’s stock after selling 22,117 shares during the period. Donald Smith & CO. Inc. owned approximately 0.06% of Cool worth $27,353,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

Cool Stock Performance

Shares of CLCO stock opened at $5.35 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.44. The stock has a market capitalization of $287.31 million, a price-to-earnings ratio of 7.87 and a beta of 0.64. Cool Company Ltd. has a one year low of $4.94 and a one year high of $13.68. The company’s 50-day simple moving average is $6.71 and its 200-day simple moving average is $8.54.

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.