Cadeler A/S (NYSE:CDLR) Shares Sold by DnB Asset Management AS

DnB Asset Management AS cut its stake in shares of Cadeler A/S (NYSE:CDLR - Free Report) by 32.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 107,269 shares of the company's stock after selling 51,619 shares during the period. DnB Asset Management AS owned approximately 0.12% of Cadeler A/S worth $2,395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CDLR. JPMorgan Chase & Co. raised its stake in shares of Cadeler A/S by 3.9% during the fourth quarter. JPMorgan Chase & Co. now owns 73,958 shares of the company's stock valued at $1,651,000 after purchasing an additional 2,787 shares during the period. Apriem Advisors increased its stake in Cadeler A/S by 3.5% during the 4th quarter. Apriem Advisors now owns 15,000 shares of the company's stock worth $335,000 after buying an additional 512 shares during the period. SG Americas Securities LLC purchased a new stake in Cadeler A/S during the 4th quarter worth $2,603,000. GAMMA Investing LLC acquired a new position in Cadeler A/S in the 4th quarter worth $52,000. Finally, Franklin Resources Inc. boosted its position in Cadeler A/S by 1.9% in the 3rd quarter. Franklin Resources Inc. now owns 219,296 shares of the company's stock valued at $6,199,000 after buying an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 53.03% of the company's stock.

Cadeler A/S Stock Down 8.4 %

Shares of NYSE CDLR traded down $1.68 during midday trading on Friday, reaching $18.27. 62,040 shares of the company's stock were exchanged, compared to its average volume of 68,658. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.81 and a current ratio of 1.82. Cadeler A/S has a 52-week low of $17.40 and a 52-week high of $28.75. The business's fifty day moving average price is $19.63 and its two-hundred day moving average price is $22.86. The stock has a market capitalization of $1.60 billion, a PE ratio of 22.28 and a beta of 0.59.

Cadeler A/S (NYSE:CDLR - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.13. The business had revenue of $88.65 million for the quarter, compared to analysts' expectations of $82.84 million. Analysts forecast that Cadeler A/S will post 0.69 EPS for the current year.

Cadeler A/S Profile

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.