Shares of Cadeler A/S (NYSE:CDLR – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $18.02, but opened at $18.48. Cadeler A/S shares last traded at $18.44, with a volume of 30,573 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus assumed coverage on Cadeler A/S in a research report on Thursday, January 4th. They set a “buy” rating and a $35.00 price target for the company.
View Our Latest Stock Report on Cadeler A/S
Cadeler A/S Stock Performance
Institutional Investors Weigh In On Cadeler A/S
A number of institutional investors have recently added to or reduced their stakes in CDLR. Norges Bank purchased a new stake in Cadeler A/S during the fourth quarter valued at about $15,681,000. Dimensional Fund Advisors LP acquired a new position in shares of Cadeler A/S during the fourth quarter worth about $13,907,000. Condire Management LP acquired a new position in shares of Cadeler A/S during the fourth quarter worth about $11,489,000. Goldman Sachs Group Inc. acquired a new position in shares of Cadeler A/S during the fourth quarter worth about $9,588,000. Finally, Segantii Capital Management Ltd acquired a new position in shares of Cadeler A/S during the fourth quarter worth about $9,241,000. 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. The company also provides wind farm maintenance, construction, decommissioning, and other tasks within the offshore industry, as well as operates offshore marine and engineering. It owns and operates two offshore jack-up windfarm installation vessels.
Featured Articles
- Five stocks we like better than Cadeler A/S
- What is a Low P/E Ratio and What Does it Tell Investors?
- United Airlines Soars on Earnings Beat
- Want to Profit on the Downtrend? Downtrends, Explained.
- J.B. Hunt Hits the Skids: Lower Prices to Come
- What is a buyback in stocks? A comprehensive guide for investors
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for Cadeler A/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadeler A/S and related companies with MarketBeat.com's FREE daily email newsletter.