Shares of Cadeler A/S (NYSE:CDLR – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 114,822 shares traded hands during trading, an increase of 5% from the previous session’s volume of 109,009 shares.The stock last traded at $18.94 and had previously closed at $18.70.
Analysts Set New Price Targets
Separately, Stifel Nicolaus started coverage on Cadeler A/S in a research report on Thursday, January 4th. They set a “buy” rating and a $35.00 target price for the company.
Read Our Latest Stock Report on CDLR
Cadeler A/S Trading Down 0.6 %
Hedge Funds Weigh In On Cadeler A/S
A number of institutional investors have recently modified their holdings of the business. TT International Asset Management LTD acquired a new position in shares of Cadeler A/S during the 4th quarter worth $2,804,000. Lighthouse Investment Partners LLC acquired a new position in Cadeler A/S in the 4th quarter worth about $3,021,000. Pale Fire Capital SE acquired a new position in Cadeler A/S in the 4th quarter worth about $2,803,000. Privium Fund Management UK Ltd acquired a new position in Cadeler A/S in the 4th quarter worth about $1,337,000. Finally, Franklin Resources Inc. acquired a new position in Cadeler A/S in the 4th quarter worth about $4,318,000. Institutional investors and hedge funds own 53.03% of the company’s stock.
Cadeler A/S Company Profile
Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm maintenance, construction, decommissioning, and other tasks within the offshore industry, as well as marine and engineering services. The company owns and operates four offshore jack-up windfarm installation vessels.
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