Codere Online Luxembourg (NASDAQ:CDRO) Director Sanchez Oscar Iglesias Sells 2,812 Shares of Stock

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Director Sanchez Oscar Iglesias sold 2,812 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $10.01, for a total value of $28,148.12. Following the sale, the director directly owned 118,387 shares in the company, valued at $1,185,053.87. The trade was a 2.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 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 value 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 Stock Performance

Shares of Codere Online Luxembourg stock opened at $10.20 on Friday. Codere Online Luxembourg, S.A. has a 1 year low of $5.18 and a 1 year high of $10.26. The business has a 50-day moving average of $9.23 and a two-hundred day moving average of $8.38.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Codere Online Luxembourg

Several hedge funds and other institutional investors have recently modified their holdings of CDRO. FNY Investment Advisers LLC boosted its position in shares of Codere Online Luxembourg by 26.8% during the fourth quarter. FNY Investment Advisers LLC now owns 851,178 shares of the company’s stock worth $6,834,000 after buying an additional 180,153 shares during the period. Susquehanna International Group LLP bought a new position in shares of Codere Online Luxembourg during the third quarter worth about $90,000. Millennium Management LLC raised its position in Codere Online Luxembourg by 73.3% in the 3rd 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 last quarter. Squarepoint Ops LLC acquired a new stake in Codere Online Luxembourg in the 3rd quarter valued at approximately $203,000. Finally, UBS Group AG lifted its stake in Codere Online Luxembourg by 156.2% in the 3rd quarter. UBS Group AG now owns 512,884 shares of the company’s stock valued at $3,539,000 after acquiring an additional 312,664 shares in the last quarter. Institutional investors and hedge funds own 10.30% of the company’s stock.

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.