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

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Director Sanchez Oscar Iglesias sold 14,276 shares of the firm’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 in the company, valued at approximately $1,045,274.44. The trade was a 12.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 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 value of $4,324.32.

Codere Online Luxembourg Price Performance

CDRO stock opened at $9.71 on Wednesday. Codere Online Luxembourg, S.A. has a twelve month low of $5.18 and a twelve month high of $10.26. The business’s fifty day moving average is $9.31 and its 200-day moving average is $8.44.

Wall Street Analyst Weigh In

Several research firms have weighed in on CDRO. 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 target price on Codere Online Luxembourg in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.00.

Hedge Funds Weigh In On Codere Online Luxembourg

Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG raised its stake in 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 buying an additional 312,664 shares during the period. Squarepoint Ops LLC acquired a new position in Codere Online Luxembourg in the third quarter valued at about $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 acquiring an additional 24,438 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of Codere Online Luxembourg in the third quarter worth about $90,000. Finally, FNY Investment Advisers LLC raised its position in shares of Codere Online Luxembourg by 20.8% during the third quarter. FNY Investment Advisers LLC now owns 671,025 shares of the company’s stock worth $4,630,000 after purchasing an additional 115,578 shares during the period. 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.