TT International Asset Management LTD Reduces Stake in Cadeler A/S Sponsored ADR $CDLR

Key Points

• TT International Asset Management LTD reduced its stake in Cadeler A/S by 54.0%, holding 115,183 shares after selling 135,019 during the 2nd quarter, making it the firm's 27th largest position.
• Cadeler A/S reported $2.12 earnings per share for the last quarter, significantly beating the expected $0.61, with a net margin of 50.69% and total revenue of $136.09 million.
• Wall Street analysts upgraded Cadeler A/S from a "hold" to a "buy" rating as of August 30th, signaling positive sentiment for the company's future performance.

TT International Asset Management LTD lessened its stake in shares of Cadeler A/S Sponsored ADR (NYSE:CDLR - Free Report) by 54.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,183 shares of the company's stock after selling 135,019 shares during the period. Cadeler A/S makes up about 0.4% of TT International Asset Management LTD's investment portfolio, making the stock its 27th largest holding. TT International Asset Management LTD owned 0.13% of Cadeler A/S worth $2,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Valueworks LLC increased its position in Cadeler A/S by 22.1% during 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 in the last quarter. Yaupon Capital Management LP increased its holdings in shares of Cadeler A/S by 17.7% in the 1st quarter. Yaupon Capital Management LP now owns 134,950 shares of the company's stock worth $2,653,000 after purchasing an additional 20,309 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Cadeler A/S by 866.6% in the 4th quarter. Bank of America Corp DE now owns 54,119 shares of the company's stock worth $1,208,000 after purchasing an additional 48,520 shares in the last quarter. NBC Securities Inc. increased 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. Finally, GAMMA Investing LLC increased its holdings in shares of Cadeler A/S by 288.5% in the 1st quarter. GAMMA Investing LLC now owns 9,024 shares of the company's stock worth $177,000 after purchasing an additional 6,701 shares in the last quarter. Institutional investors own 53.03% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Cadeler A/S from a "hold" rating to a "buy" rating in a report on Saturday, August 30th.

Cadeler A/S Stock Performance

Shares of CDLR stock traded up $0.06 on Monday, reaching $20.98. The stock had a trading volume of 42,998 shares, compared to its average volume of 43,114. The stock has a market cap of $1.84 billion, a P/E ratio of 7.04 and a beta of 0.29. Cadeler A/S Sponsored ADR has a 1 year low of $17.36 and a 1 year high of $28.75. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 0.99. The company has a 50 day simple moving average of $21.10 and a 200 day simple moving average of $20.52.

Cadeler A/S (NYSE:CDLR - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $1.51. The firm had revenue of $136.09 million for the quarter, compared to the consensus estimate 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 year.

Cadeler A/S Company 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.