Quantbot Technologies LP Acquires New Holdings in Cool Company Ltd. (NYSE:CLCO)

Quantbot Technologies LP bought a new position in shares of Cool Company Ltd. (NYSE:CLCO) during the fourth quarter, Holdings Channel reports. The fund bought 6,720 shares of the company’s stock, valued at approximately $53,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings 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 purchasing an additional 46,951 shares during the period. Public Employees Retirement System of Ohio bought a new position in Cool during the 3rd quarter worth $124,000. Finally, Quadrature Capital Ltd bought a new position in Cool during the 3rd quarter worth $124,000. 20.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Cool Stock Performance

Shares of CLCO stock opened at $5.44 on Wednesday. The stock has a market capitalization of $292.14 million, a PE ratio of 8.00 and a beta of 0.64. The business’s 50 day simple moving average is $6.78 and its 200 day simple moving average is $8.56. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.44 and a quick ratio of 0.43. Cool Company Ltd. has a one year low of $4.94 and a one year high of $13.68.

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.