Cadeler A/S (NYSE:CDLR) Sees Unusually-High Trading Volume – Still a Buy?

Cadeler A/S (NYSE:CDLR) saw unusually-high trading volume on Monday . Approximately 38,282 shares were traded during mid-day trading, an increase of 44% from the previous session’s volume of 26,552 shares.The stock last traded at $20.97 and had previously closed at $20.91.

Cadeler A/S Stock Up 2.0 %

The business has a fifty day moving average of $22.27 and a two-hundred day moving average of $24.78. 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.

Institutional Trading of Cadeler A/S

A number of institutional investors and hedge funds have recently modified their holdings of the stock. TT International Asset Management LTD boosted its holdings in Cadeler A/S by 71.6% in the 3rd quarter. TT International Asset Management LTD now owns 246,173 shares of the company’s stock worth $6,937,000 after buying an additional 102,712 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Cadeler A/S by 1.9% during the third quarter. Franklin Resources Inc. now owns 219,296 shares of the company’s stock worth $6,199,000 after buying an additional 4,000 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Cadeler A/S in the fourth quarter worth about $2,603,000. Yaupon Capital Management LP boosted its position in Cadeler A/S by 61.0% during the third quarter. Yaupon Capital Management LP now owns 114,641 shares of the company’s stock worth $3,231,000 after acquiring an additional 43,435 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Cadeler A/S by 19.2% during the 3rd 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. 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. 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.