Cadeler A/S (NYSE:CDLR) Shares Gap Up to $18.02

Shares of Cadeler A/S (NYSE:CDLR) 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.

Cadeler A/S Stock Performance

The business’s 50-day moving average price is $17.71. The company has a quick ratio of 2.72, a current ratio of 2.75 and a debt-to-equity ratio of 0.21.

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.