Cadeler A/S (NYSE:CDLR - Get Free Report) shares gapped up prior to trading on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $20.75, but opened at $21.91. Cadeler A/S shares last traded at $21.52, with a volume of 34,165 shares changing hands.
The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.13. The business had revenue of $88.65 million during the quarter, compared to the consensus estimate of $82.84 million.
Institutional Investors Weigh In On Cadeler A/S
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in Cadeler A/S during the third quarter worth about $248,000. Yaupon Capital Management LP boosted its stake in Cadeler A/S by 61.0% during the 3rd 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. TT International Asset Management LTD grew its holdings in 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 valued at $6,937,000 after purchasing an additional 102,712 shares during the period. Franklin Resources Inc. increased its stake in Cadeler A/S by 1.9% in the third quarter. Franklin Resources Inc. now owns 219,296 shares of the company's stock valued at $6,199,000 after purchasing an additional 4,000 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Cadeler A/S by 19.2% in the third quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company's stock worth $2,006,000 after purchasing an additional 11,483 shares during the period. Institutional investors own 53.03% of the company's stock.
Cadeler A/S Trading Down 0.7 %
The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.49. The business's 50-day moving average price is $19.72 and its two-hundred day moving average price is $23.13.
Cadeler A/S Company Profile
(
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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.
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