Cadeler A/S (NYSE:CDLR) Sees Large Volume Increase – Still a Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR) saw unusually-strong trading volume on Friday . Approximately 66,882 shares traded hands during trading, a decline of 18% from the previous session’s volume of 81,920 shares.The stock last traded at $18.58 and had previously closed at $18.37.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadeler A/S in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Cadeler A/S from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Pareto Securities upgraded shares of Cadeler A/S to a “hold” rating in a research note on Tuesday, November 18th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Cadeler A/S Trading Up 2.6%

The stock has a market capitalization of $1.65 billion, a PE ratio of 5.49 and a beta of 0.27. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average price of $18.77 and a 200-day moving average price of $20.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDLR. Raymond James Financial Inc. bought a new position in shares of Cadeler A/S during the 2nd quarter worth $34,000. Rhumbline Advisers raised its stake in Cadeler A/S by 45.2% in the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock valued at $43,000 after acquiring an additional 675 shares during the period. Bank of America Corp DE lifted its holdings in Cadeler A/S by 10,418.8% during the second quarter. Bank of America Corp DE now owns 3,366 shares of the company’s stock valued at $67,000 after purchasing an additional 3,334 shares during the last quarter. Steinberganna Wealth Management bought a new position in Cadeler A/S during the third quarter worth about $214,000. Finally, Cetera Investment Advisers bought a new position in Cadeler A/S during the second quarter worth about $375,000. 53.03% of the stock is currently owned by hedge funds and other institutional investors.

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.