Cadeler A/S (NYSE:CDLR) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE lifted its holdings in Cadeler A/S (NYSE:CDLR - Free Report) by 866.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,119 shares of the company's stock after purchasing an additional 48,520 shares during the period. Bank of America Corp DE owned about 0.06% of Cadeler A/S worth $1,208,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Apriem Advisors grew its position in shares of Cadeler A/S by 3.5% in the fourth quarter. Apriem Advisors now owns 15,000 shares of the company's stock valued at $335,000 after purchasing an additional 512 shares in the last quarter. Stifel Financial Corp lifted its stake in Cadeler A/S by 27.7% during the fourth quarter. Stifel Financial Corp now owns 15,130 shares of the company's stock worth $338,000 after purchasing an additional 3,284 shares in the last quarter. OLD Mission Capital LLC acquired a new position in Cadeler A/S during the fourth quarter worth $435,000. Marshall Wace LLP acquired a new position in Cadeler A/S during the fourth quarter worth $1,438,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Cadeler A/S by 3.9% in the fourth quarter. JPMorgan Chase & Co. now owns 73,958 shares of the company's stock valued at $1,651,000 after acquiring an additional 2,787 shares in the last quarter. Hedge funds and other institutional investors own 53.03% of the company's stock.

Cadeler A/S Stock Up 0.9%

Shares of NYSE CDLR traded up $0.20 during mid-day trading on Friday, hitting $21.28. The company had a trading volume of 21,127 shares, compared to its average volume of 47,898. The company has a market capitalization of $1.87 billion, a PE ratio of 25.95 and a beta of 0.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.82 and a quick ratio of 1.81. Cadeler A/S has a 1-year low of $17.37 and a 1-year high of $28.75. The business's 50-day simple moving average is $20.00 and its 200 day simple moving average is $20.77.

Cadeler A/S (NYSE:CDLR - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.13. The company had revenue of $88.65 million during the quarter, compared to analyst estimates of $82.84 million. On average, analysts predict that Cadeler A/S will post 0.69 earnings per share for the current year.

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.