Sanchez Oscar Iglesias Sells 14,276 Shares of Codere Online Luxembourg (NASDAQ:CDRO) Stock

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Director Sanchez Oscar Iglesias sold 14,276 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $10.04, for a total transaction of $143,331.04. Following the completion of the transaction, the director directly owned 104,111 shares of the company’s stock, valued at approximately $1,045,274.44. This represents a 12.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 16th, Sanchez Oscar Iglesias sold 2,812 shares of Codere Online Luxembourg stock. The stock was sold at an average price of $10.01, for a total transaction of $28,148.12.
• On Monday, June 8th, Sanchez Oscar Iglesias sold 50 shares of Codere Online Luxembourg stock. The stock was 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 value of $4,324.32.

Codere Online Luxembourg Price Performance

Shares of Codere Online Luxembourg stock opened at $9.58 on Thursday. Codere Online Luxembourg, S.A. has a fifty-two week low of $5.18 and a fifty-two week high of $10.26. The business’s fifty day moving average is $9.33 and its two-hundred day moving average is $8.46.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CDRO. Stifel Nicolaus set a $10.00 price objective on shares of Codere Online Luxembourg in a research note on Friday, May 8th. Weiss Ratings upgraded shares of Codere Online Luxembourg from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.00.

Hedge Funds Weigh In On Codere Online Luxembourg

A number of large investors have recently modified their holdings of CDRO. UBS Group AG grew its holdings in shares of Codere Online Luxembourg by 156.2% during the 3rd quarter. UBS Group AG now owns 512,884 shares of the company’s stock worth $3,539,000 after purchasing an additional 312,664 shares during the period. FNY Investment Advisers LLC increased its position in Codere Online Luxembourg by 26.8% during the 4th quarter. FNY Investment Advisers LLC now owns 851,178 shares of the company’s stock worth $6,834,000 after purchasing an additional 180,153 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Codere Online Luxembourg in the third quarter valued at approximately $203,000. Millennium Management LLC raised its holdings in Codere Online Luxembourg by 73.3% in the third quarter. Millennium Management LLC now owns 57,755 shares of the company’s stock valued at $399,000 after buying an additional 24,438 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in Codere Online Luxembourg during the third quarter valued at approximately $90,000. 10.30% of the stock is currently owned by hedge funds and other institutional investors.

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.