Donald Smith & CO. Inc. Acquires 132,704 Shares of Cool Company Ltd. $CLCO

Donald Smith & CO. Inc. boosted its holdings in shares of Cool Company Ltd. (NYSE:CLCO) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,564,815 shares of the company’s stock after acquiring an additional 132,704 shares during the quarter. Donald Smith & CO. Inc. owned 6.64% of Cool worth $23,884,000 as of its most recent SEC filing.

Cool Price Performance

Shares of CLCO opened at $9.79 on Friday. The stock has a market capitalization of $525.48 million, a PE ratio of 16.31 and a beta of 0.69. The company has a 50 day moving average price of $9.68 and a 200-day moving average price of $8.09. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.79. Cool Company Ltd. has a fifty-two week low of $4.51 and a fifty-two week high of $9.86.

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

Analyst Ratings Changes

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

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.