Cadeler A/S (NYSE:CDLR) Reaches New 1-Year Low – Here’s Why

Cadeler A/S Sponsored ADR (NYSE:CDLR) reached a new 52-week low on Wednesday . The stock traded as low as $16.87 and last traded at $16.87, with a volume of 22831 shares traded. The stock had previously closed at $17.37.

Analysts Set New Price Targets

Several brokerages have commented on CDLR. Weiss Ratings restated a “hold (c)” rating on shares of Cadeler A/S in a report on Wednesday, October 8th. Wall Street Zen downgraded Cadeler A/S from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Cadeler A/S presently has an average rating of “Hold”.

Cadeler A/S Stock Down 3.9%

The business has a 50 day moving average price of $19.74 and a 200 day moving average price of $20.38. The stock has a market cap of $1.47 billion, a PE ratio of 5.61 and a beta of 0.23. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.73.

Cadeler A/S (NYSE:CDLR) last posted its earnings results on Tuesday, August 26th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $1.51. The firm had revenue of $136.09 million for the quarter, compared to analysts’ expectations of $128.33 million. Cadeler A/S had a return on equity of 19.18% and a net margin of 50.69%. Equities research analysts expect that Cadeler A/S Sponsored ADR will post 0.69 EPS for the current fiscal year.

Institutional Trading of Cadeler A/S

A number of institutional investors and hedge funds have recently modified their holdings of CDLR. Invesco Ltd. acquired a new stake in Cadeler A/S during the 2nd quarter worth $4,555,000. Valueworks LLC grew its stake in shares of Cadeler A/S by 22.1% in the 1st quarter. Valueworks LLC now owns 532,438 shares of the company’s stock valued at $10,468,000 after buying an additional 96,508 shares during the period. Yaupon Capital Management LP lifted its holdings in Cadeler A/S by 17.7% in the first quarter. Yaupon Capital Management LP now owns 134,950 shares of the company’s stock valued at $2,653,000 after acquiring an additional 20,309 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Cadeler A/S by 30.7% during the 2nd quarter. Marshall Wace LLP now owns 85,440 shares of the company’s stock worth $1,698,000 after purchasing an additional 20,079 shares during the period. Finally, Diametric Capital LP acquired a new stake in shares of Cadeler A/S during the second quarter valued at about $391,000. 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. 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.