Codere Online Luxembourg (NASDAQ:CDRO) Director Sells $28,148.12 in Stock

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Director Sanchez Oscar Iglesias sold 2,812 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $10.01, for a total transaction of $28,148.12. Following the transaction, the director owned 118,387 shares in the company, valued at $1,185,053.87. The trade was a 2.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanchez Oscar Iglesias also recently made the following trade(s):

• On Monday, June 8th, Sanchez Oscar Iglesias sold 50 shares of Codere Online Luxembourg stock. The shares were sold at an average price of $10.00, for a total transaction of $500.00.
• On Tuesday, June 2nd, Sanchez Oscar Iglesias sold 432 shares of Codere Online Luxembourg stock. The shares were sold at an average price of $10.01, for a total transaction of $4,324.32.

Codere Online Luxembourg Price Performance

CDRO stock opened at $10.20 on Friday. The company’s 50-day moving average is $9.26 and its 200-day moving average is $8.40. Codere Online Luxembourg, S.A. has a 1 year low of $5.18 and a 1 year high of $10.26.

Hedge Funds Weigh In On Codere Online Luxembourg

Several large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP bought a new position in Codere Online Luxembourg during the 3rd quarter valued at $90,000. Millennium Management LLC grew its stake in shares of Codere Online Luxembourg by 73.3% in the 3rd quarter. Millennium Management LLC now owns 57,755 shares of the company’s stock worth $399,000 after acquiring an additional 24,438 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Codere Online Luxembourg in the 3rd quarter worth $203,000. FNY Investment Advisers LLC raised its holdings in shares of Codere Online Luxembourg by 20.8% in the third quarter. FNY Investment Advisers LLC now owns 671,025 shares of the company’s stock valued at $4,630,000 after purchasing an additional 115,578 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Codere Online Luxembourg by 156.2% in the third quarter. UBS Group AG now owns 512,884 shares of the company’s stock valued at $3,539,000 after purchasing an additional 312,664 shares during the last quarter. Institutional investors own 10.30% of the company’s stock.

Analyst Ratings Changes

CDRO has been the subject of several recent research reports. Weiss Ratings upgraded Codere Online Luxembourg from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Stifel Nicolaus set a $10.00 target price on Codere Online Luxembourg in a report on Friday, May 8th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Codere Online Luxembourg Company Profile

Codere Online Luxembourg SA is a publicly traded company incorporated under the laws of Luxembourg and listed on the Nasdaq Stock Market under the ticker CDRO. Established in December 2020 as a spin-off of Grupo Codere’s digital operations, Codere Online leverages the heritage and infrastructure of its Spanish parent to deliver a dedicated online gaming and sports betting platform. Headquartered in Luxembourg City, the company operates through locally licensed subsidiaries in multiple jurisdictions.

The company’s core business revolves around an integrated online sportsbook and casino offering.