Citigroup Inc. acquired a new stake in Cool Company Ltd. (NYSE:CLCO – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 495,449 shares of the company’s stock, valued at approximately $6,017,000. Citigroup Inc. owned 1.24% of Cool as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in CLCO. Skandinaviska Enskilda Banken AB publ bought a new stake in Cool during the first quarter worth about $132,000. Swiss National Bank acquired a new position in shares of Cool in the 1st quarter valued at approximately $356,000. Credit Suisse AG bought a new stake in shares of Cool during the 1st quarter worth approximately $31,000. Russell Investments Group Ltd. acquired a new stake in shares of Cool during the 1st quarter worth approximately $809,000. Finally, Pictet Asset Management SA bought a new position in Cool in the first quarter valued at approximately $3,472,000. Institutional investors and hedge funds own 20.66% of the company’s stock.
Cool Stock Performance
Shares of CLCO opened at $13.95 on Friday. The company’s 50 day moving average price is $13.64. Cool Company Ltd. has a one year low of $11.00 and a one year high of $14.50. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.52 and a quick ratio of 0.52.
Cool Company Ltd. engages in the ownership, operation, and management of liquefied natural gas carriers (LNGCs) that provides supply chain support solutions for energy industry. The company owns and operates a fleet of LNGCs, including tri-fuel diesel electric vessels; and floating storage and regasification units for third parties.
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