Cadeler A/S (NYSE:CDLR) Shares Down 2.3% – Should You Sell?

Cadeler A/S (NYSE:CDLR)’s stock price traded down 2.3% during mid-day trading on Wednesday . The stock traded as low as $26.78 and last traded at $26.78. 8,237 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 91,290 shares. The stock had previously closed at $27.42.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus raised their price objective on shares of Cadeler A/S from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, June 24th.

Cadeler A/S Trading Down 1.5 %

The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.28 and a current ratio of 2.29. The company’s 50 day moving average price is $26.68 and its 200 day moving average price is $23.90.

Cadeler A/S (NYSE:CDLR) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The business had revenue of $67.98 million for the quarter, compared to analysts’ expectations of $73.00 million. As a group, equities analysts anticipate that Cadeler A/S will post 0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Cadeler A/S

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDLR. Price Jennifer C. acquired a new position in shares of Cadeler A/S during the second quarter worth about $1,955,000. Encompass Capital Advisors LLC lifted its stake in Cadeler A/S by 1.2% in the 2nd quarter. Encompass Capital Advisors LLC now owns 1,015,310 shares of the company’s stock valued at $25,413,000 after acquiring an additional 11,638 shares in the last quarter. Trium Capital LLP boosted its position in Cadeler A/S by 39.5% during the 2nd quarter. Trium Capital LLP now owns 16,363 shares of the company’s stock worth $410,000 after acquiring an additional 4,636 shares during the last quarter. Summit Securities Group LLC boosted its position in Cadeler A/S by 129.0% during the 2nd quarter. Summit Securities Group LLC now owns 19,584 shares of the company’s stock worth $490,000 after acquiring an additional 11,031 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Cadeler A/S by 107.3% during the 1st quarter. Janus Henderson Group PLC now owns 792,218 shares of the company’s stock worth $14,371,000 after acquiring an additional 410,148 shares in the last quarter. 53.03% of the stock is owned by institutional investors and hedge funds.

Cadeler A/S Company Profile

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.