Weiss Ratings Reiterates "Hold (C)" Rating for Cadeler A/S (NYSE:CDLR)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Cadeler A/S, while Wall Street Zen downgraded the stock from "buy" to "hold."
• Cadeler A/S's stock experienced a 3.3% decline in value, reaching $18.95 per share during trading hours on Friday.
• The company reported earnings of $2.12 per share, significantly exceeding analysts' estimates of $0.61, with a revenue of $136.09 million for the last quarter.

Cadeler A/S (NYSE:CDLR - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Separately, Wall Street Zen lowered shares of Cadeler A/S from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Cadeler A/S has an average rating of "Hold".

Cadeler A/S Trading Down 3.3%

NYSE CDLR traded down $0.65 during trading hours on Friday, reaching $18.95. The company's stock had a trading volume of 86,285 shares, compared to its average volume of 95,084. The firm has a fifty day simple moving average of $20.82 and a 200-day simple moving average of $20.61. The stock has a market cap of $1.66 billion, a P/E ratio of 6.58 and a beta of 0.26. Cadeler A/S has a 52 week low of $17.36 and a 52 week high of $27.52. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 0.98.

Cadeler A/S (NYSE:CDLR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $1.51. The business had revenue of $136.09 million during the quarter, compared to analyst estimates of $128.33 million. Cadeler A/S had a net margin of 50.69% and a return on equity of 19.18%. Equities analysts forecast that Cadeler A/S will post 0.69 earnings per share for the current fiscal year.

Institutional Trading of Cadeler A/S

Large investors have recently modified their holdings of the stock. Yaupon Capital Management LP grew its position in shares of Cadeler A/S by 17.7% during the 1st quarter. Yaupon Capital Management LP now owns 134,950 shares of the company's stock worth $2,653,000 after buying an additional 20,309 shares during the period. Valueworks LLC grew its position in shares of Cadeler A/S by 22.1% during the 1st quarter. Valueworks LLC now owns 532,438 shares of the company's stock worth $10,468,000 after buying an additional 96,508 shares during the period. Rhumbline Advisers grew its position in Cadeler A/S by 45.2% in the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company's stock valued at $43,000 after purchasing an additional 675 shares during the period. Invesco Ltd. acquired a new stake in Cadeler A/S in the 2nd quarter valued at $4,555,000. Finally, Marshall Wace LLP grew its position in Cadeler A/S by 30.7% in the 2nd quarter. Marshall Wace LLP now owns 85,440 shares of the company's stock valued at $1,698,000 after purchasing an additional 20,079 shares during the period. Institutional investors and hedge funds 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.

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