Cadeler A/S (NYSE:CDLR) Shares Gap Up – Time to Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR) shares gapped up before the market opened on Thursday. The stock had previously closed at $6.58, but opened at $6.85. Cadeler A/S shares last traded at $6.73, with a volume of 59,001 shares.

Analyst Upgrades and Downgrades

CDLR has been the topic of a number of recent research reports. Weiss Ratings raised Cadeler A/S from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Wall Street Zen raised Cadeler A/S from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Cadeler A/S Trading Up 6.0%

The business has a fifty day simple moving average of $22.37 and a 200 day simple moving average of $23.95. The stock has a market cap of $673.16 million, a price-to-earnings ratio of 2.78 and a beta of 0.54. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.61 and a current ratio of 1.62.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDLR. GAMMA Investing LLC grew its position in Cadeler A/S by 157.2% during the third quarter. GAMMA Investing LLC now owns 1,741 shares of the company’s stock valued at $38,000 after acquiring an additional 1,064 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Cadeler A/S in the 1st quarter worth about $271,000. QRG Capital Management Inc. raised its holdings in shares of Cadeler A/S by 40.1% in the 2nd quarter. QRG Capital Management Inc. now owns 14,438 shares of the company’s stock worth $316,000 after purchasing an additional 4,129 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Cadeler A/S by 25.4% in the 1st quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock worth $782,000 after purchasing an additional 6,741 shares during the period. Institutional investors and hedge funds own 53.03% of the company’s stock.

Cadeler A/S Company Profile

Cadeler A/S is a Denmark-based offshore wind services company that provides vessel and installation services for offshore wind farms. Its work includes transporting and installing wind turbines and their foundations, supporting the construction and maintenance of offshore wind projects. The company operates specialized offshore vessels designed for the demanding conditions of wind farm installation. Cadeler serves project developers and other customers across international markets, including Europe and other regions with offshore wind activity.