Quantbot Technologies LP Makes New Investment in Cool Company Ltd. (NYSE:CLCO)

Quantbot Technologies LP bought a new stake in Cool Company Ltd. (NYSE:CLCO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,720 shares of the company’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Cool by 2,551.7% during the 3rd 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. Quadrature Capital Ltd bought a new position in Cool in the third quarter valued at about $124,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Cool during the third quarter worth about $124,000. 20.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Cool Stock Performance

NYSE CLCO opened at $5.44 on Wednesday. The firm’s fifty day moving average price is $6.78 and its two-hundred day moving average price is $8.56. The stock has a market cap of $292.14 million, a PE ratio of 8.00 and a beta of 0.64. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.44. Cool Company Ltd. has a fifty-two week low of $4.94 and a fifty-two week 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.