UBS Group AG Sells 89,976 Shares of Codere Online Luxembourg, S.A. $CDRO

UBS Group AG decreased its holdings in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO) by 17.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 422,908 shares of the company’s stock after selling 89,976 shares during the quarter. UBS Group AG owned about 0.93% of Codere Online Luxembourg worth $3,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CDRO. FNY Investment Advisers LLC increased its holdings in shares of Codere Online Luxembourg by 26.8% in the fourth 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 during the period. Mmbg Investment Advisors CO. increased its holdings in shares of Codere Online Luxembourg by 23.9% in the third quarter. Mmbg Investment Advisors CO. now owns 366,325 shares of the company’s stock worth $2,528,000 after purchasing an additional 70,625 shares during the period. Squarepoint Ops LLC bought a new position in shares of Codere Online Luxembourg in the third quarter worth $203,000. Millennium Management LLC increased its holdings in shares of Codere Online Luxembourg by 73.3% in the third quarter. Millennium Management LLC now owns 57,755 shares of the company’s stock worth $399,000 after purchasing an additional 24,438 shares during the period. Finally, Susquehanna International Group LLP bought a new position in shares of Codere Online Luxembourg in the third quarter worth $90,000. Institutional investors own 10.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Stifel Nicolaus set a $10.00 price target on shares of Codere Online Luxembourg in a report on Friday, May 8th. Weiss Ratings cut shares of Codere Online Luxembourg from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Codere Online Luxembourg has an average rating of “Hold” and an average target price of $10.00.

Codere Online Luxembourg Price Performance

CDRO opened at $9.32 on Monday. Codere Online Luxembourg, S.A. has a 52 week low of $5.18 and a 52 week high of $9.72. The business’s fifty day simple moving average is $8.73 and its 200 day simple moving average is $7.92.

Codere Online Luxembourg 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.