Cadeler A/S (NYSE:CDLR) Shares Gap Down – What’s Next?

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $28.76, but opened at $26.99. Cadeler A/S shares last traded at $26.10, with a volume of 27,538 shares traded.

Analyst Upgrades and Downgrades

CDLR has been the subject of several recent analyst reports. Weiss Ratings raised shares of Cadeler A/S from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. Wall Street Zen raised shares of Cadeler A/S from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Cadeler A/S has an average rating of “Hold”.

Cadeler A/S Trading Down 71.3%

The firm has a fifty day simple moving average of $24.20 and a two-hundred day simple moving average of $24.32. The stock has a market cap of $714.66 million, a PE ratio of 2.95 and a beta of 0.54. The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 0.83.

Cadeler A/S (NYSE:CDLR) last issued its quarterly earnings results on Tuesday, August 25th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.21. The firm had revenue of $322.76 million during the quarter, compared to the consensus estimate of $280.45 million. Cadeler A/S had a return on equity of 12.58% and a net margin of 27.45%.

Hedge Funds Weigh In On Cadeler A/S

A number of hedge funds and other institutional investors have recently bought and sold shares of CDLR. GAMMA Investing LLC raised its position in shares of Cadeler A/S by 157.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,741 shares of the company’s stock valued at $38,000 after buying an additional 1,064 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Cadeler A/S by 40.1% during the 2nd quarter. QRG Capital Management Inc. now owns 14,438 shares of the company’s stock worth $316,000 after acquiring an additional 4,129 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Cadeler A/S in the first quarter worth $271,000. Finally, Cetera Investment Advisers grew its position in Cadeler A/S by 25.4% in the first quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock worth $782,000 after acquiring an additional 6,741 shares in the last quarter. Hedge funds and other institutional investors own 53.03% of the company’s stock.

Cadeler A/S Company Profile

Cadeler A/S is a Denmark-based provider of offshore wind installation and marine support services. The company owns and operates specialized jack-up vessels designed to transport, install and service offshore wind turbines and their foundations.

Its fleet supports major offshore wind projects throughout Europe and other international markets, including the United States and Asia-Pacific. Cadeler provides vessel chartering, project execution and offshore logistics services for wind farm developers, turbine manufacturers and engineering contractors.

The company was established in 2012 as Swire Blue Ocean and later adopted the Cadeler name.