Cadeler A/S (NYSE:CDLR) Sees Strong Trading Volume – Time to Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR) saw strong trading volume on Friday . 66,882 shares traded hands during trading, a decline of 18% from the previous session’s volume of 81,920 shares.The stock last traded at $18.58 and had previously closed at $18.37.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Pareto Securities upgraded shares of Cadeler A/S to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Cadeler A/S in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Cadeler A/S from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Cadeler A/S Trading Up 2.1%

The firm’s 50 day simple moving average is $18.74 and its 200-day simple moving average is $20.11. The company has a market capitalization of $1.65 billion, a PE ratio of 5.49 and a beta of 0.27. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.82.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. acquired a new stake in shares of Cadeler A/S in the second quarter valued at about $4,555,000. Valueworks LLC boosted its holdings in Cadeler A/S by 22.1% in the 1st quarter. Valueworks LLC now owns 532,438 shares of the company’s stock worth $10,468,000 after acquiring an additional 96,508 shares during the period. Yaupon Capital Management LP grew its position in Cadeler A/S by 17.7% in the first quarter. Yaupon Capital Management LP now owns 134,950 shares of the company’s stock valued at $2,653,000 after acquiring an additional 20,309 shares in the last quarter. Marshall Wace LLP raised its stake 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 purchasing an additional 20,079 shares during the period. Finally, Diametric Capital LP acquired a new position in shares of Cadeler A/S during the second quarter worth $391,000. Institutional investors and hedge funds 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.