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

Cadeler A/S (NYSE:CDLR) gapped up prior to trading on Friday . The stock had previously closed at $17.44, but opened at $18.30. Cadeler A/S shares last traded at $18.39, with a volume of 5,883 shares.

Cadeler A/S Stock Up 8.3 %

The business has a fifty day moving average of $20.83 and a two-hundred day moving average of $24.10. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.49.

Cadeler A/S (NYSE:CDLR) last announced its earnings results on Tuesday, November 26th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. As a group, equities research analysts expect that Cadeler A/S will post 0.69 EPS for the current year.

Hedge Funds Weigh In On Cadeler A/S

Large investors have recently added to or reduced their stakes in the stock. TT International Asset Management LTD increased its stake in shares of Cadeler A/S by 71.6% during the third quarter. TT International Asset Management LTD now owns 246,173 shares of the company’s stock worth $6,937,000 after purchasing an additional 102,712 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Cadeler A/S in the 4th quarter worth about $52,000. SG Americas Securities LLC purchased a new stake in Cadeler A/S during the 4th quarter worth approximately $2,603,000. BNP Paribas Financial Markets acquired a new position in shares of Cadeler A/S during the third quarter valued at approximately $248,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Cadeler A/S by 19.2% in the third quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company’s stock valued at $2,006,000 after acquiring an additional 11,483 shares in the last quarter. 53.03% of the stock is currently owned by institutional investors and hedge funds.

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.