Cadeler A/S (NYSE:CDLR) Shares Gap Up – Here’s Why

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $17.43, but opened at $19.44. Cadeler A/S shares last traded at $18.4440, with a volume of 958,635 shares changing hands.

Analyst Ratings Changes

CDLR has been the subject of several research reports. Pareto Securities upgraded shares of Cadeler A/S to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings restated a “hold (c)” rating on shares of Cadeler A/S in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Cadeler A/S from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Cadeler A/S currently has a consensus rating of “Hold”.

Cadeler A/S Price Performance

The firm has a market cap of $1.61 billion, a P/E ratio of 5.36 and a beta of 0.27. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.07 and a quick ratio of 1.06. The firm’s 50 day moving average is $18.82 and its 200 day moving average is $20.13.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CDLR. Yaupon Capital Management LP raised its position in shares of Cadeler A/S by 17.7% in the 1st quarter. Yaupon Capital Management LP now owns 134,950 shares of the company’s stock worth $2,653,000 after purchasing an additional 20,309 shares during the last quarter. Valueworks LLC increased its stake in Cadeler A/S by 22.1% during the 1st quarter. Valueworks LLC now owns 532,438 shares of the company’s stock valued at $10,468,000 after purchasing an additional 96,508 shares in the last quarter. Invesco Ltd. raised its holdings in Cadeler A/S by 87.4% in the third quarter. Invesco Ltd. now owns 429,556 shares of the company’s stock worth $8,870,000 after buying an additional 200,316 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Cadeler A/S by 30.7% during the second quarter. Marshall Wace LLP now owns 85,440 shares of the company’s stock valued at $1,698,000 after buying an additional 20,079 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Cadeler A/S by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 72,547 shares of the company’s stock valued at $1,498,000 after buying an additional 985 shares during the last quarter. Hedge funds and other institutional investors own 53.03% of the company’s stock.

About Cadeler A/S

Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm construction, maintenance, 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.