Cool Company Ltd. $CLCO Shares Bought by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. grew its holdings in Cool Company Ltd. (NYSE:CLCO) by 3.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 3,564,815 shares of the company’s stock after buying an additional 132,704 shares during the period. Donald Smith & CO. Inc. owned approximately 0.07% of Cool worth $23,884,000 as of its most recent SEC filing.

Cool Trading Up 0.5%

Shares of Cool stock opened at $9.79 on Friday. The stock has a market cap of $525.48 million, a PE ratio of 16.31 and a beta of 0.69. The firm has a fifty day moving average price of $9.68 and a 200 day moving average price of $8.09. Cool Company Ltd. has a 1 year low of $4.51 and a 1 year high of $9.86. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.79 and a quick ratio of 0.77.

Cool (NYSE:CLCO) last posted its quarterly earnings results on Thursday, November 20th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $86.31 million during the quarter, compared to analysts’ expectations of $84.71 million. Equities research analysts predict that Cool Company Ltd. will post 1.68 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cool in a research report on Wednesday, October 8th. B. Riley cut shares of Cool from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Wall Street Zen downgraded shares of Cool from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Finally, Zacks Research downgraded Cool from a “hold” rating to a “strong sell” rating in a research report on Friday, November 21st. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Cool 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.