Cadeler A/S (NYSE:CDLR – Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 66,708 shares changed hands during mid-day trading, a decline of 38% from the previous session’s volume of 107,206 shares.The stock last traded at $18.40 and had previously closed at $17.98.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus initiated coverage on Cadeler A/S in a report on Thursday, January 4th. They issued a “buy” rating and a $35.00 target price for the company.
View Our Latest Research Report on Cadeler A/S
Cadeler A/S Stock Performance
Institutional Trading of Cadeler A/S
Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Cadeler A/S in the 4th quarter valued at about $15,681,000. Segantii Capital Management Ltd purchased a new stake in shares of Cadeler A/S in the 4th quarter valued at approximately $9,241,000. F M Investments LLC acquired a new stake in Cadeler A/S in the 4th quarter valued at approximately $5,331,000. Franklin Resources Inc. purchased a new stake in Cadeler A/S in the fourth quarter valued at approximately $4,318,000. Finally, Lighthouse Investment Partners LLC acquired a new position in Cadeler A/S during the fourth quarter worth $3,021,000. Hedge funds and other institutional investors own 53.03% of the company’s stock.
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 maintenance, construction, 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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