Cadeler A/S (NYSE:CDLR) Stock Price Down 2.2% - Time to Sell?

Key Points

• Cadeler A/S shares fell by 2.2%, trading at $20.49 with a market capitalization of $1.80 billion and a PE ratio of 24.99.
• Several hedge funds, including Brightline Capital Management LLC and Valueworks LLC, recently adjusted their stakes, with over 53% of the stock currently held by institutional investors.
• Cadeler A/S operates as an offshore wind farm contractor, specializing in the transportation and installation of wind farms in Denmark.

Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report) shares were down 2.2% during mid-day trading on Friday . The company traded as low as $20.30 and last traded at $20.49. Approximately 31,910 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 39,438 shares. The stock had previously closed at $20.96.

Cadeler A/S Stock Performance

The company's 50 day simple moving average is $20.87 and its 200 day simple moving average is $20.18. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 25.96 and a beta of 0.29. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.19.

Institutional Trading of Cadeler A/S

Hedge funds and other institutional investors have recently modified their holdings of the company. TT International Asset Management LTD raised its position in Cadeler A/S by 5.8% in the first quarter. TT International Asset Management LTD now owns 250,202 shares of the company's stock worth $4,919,000 after acquiring an additional 13,806 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Cadeler A/S in the 4th quarter worth approximately $1,438,000. NBC Securities Inc. raised its holdings in shares of Cadeler A/S by 148,926.9% in the 1st quarter. NBC Securities Inc. now owns 38,747 shares of the company's stock worth $761,000 after purchasing an additional 38,721 shares in the last quarter. Bank of America Corp DE lifted its stake in Cadeler A/S by 866.6% during the fourth quarter. Bank of America Corp DE now owns 54,119 shares of the company's stock valued at $1,208,000 after purchasing an additional 48,520 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Cadeler A/S by 3.9% during the fourth quarter. JPMorgan Chase & Co. now owns 73,958 shares of the company's stock worth $1,651,000 after buying an additional 2,787 shares in the last quarter. 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.