Codere Online Luxembourg, S.A. $CDRO Position Increased by FNY Investment Advisers LLC

FNY Investment Advisers LLC increased its holdings in Codere Online Luxembourg, S.A. (NASDAQ:CDRO) by 20.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 671,025 shares of the company’s stock after acquiring an additional 115,578 shares during the quarter. Codere Online Luxembourg comprises approximately 1.5% of FNY Investment Advisers LLC’s investment portfolio, making the stock its 6th largest holding. FNY Investment Advisers LLC’s holdings in Codere Online Luxembourg were worth $4,630,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wolverine Asset Management LLC grew its stake in Codere Online Luxembourg by 1,923.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 6,818 shares of the company’s stock valued at $47,000 after purchasing an additional 6,481 shares in the last quarter. Mmbg Investment Advisors CO. raised its position in shares of Codere Online Luxembourg by 23.9% in the 3rd quarter. Mmbg Investment Advisors CO. now owns 366,325 shares of the company’s stock valued at $2,528,000 after purchasing an additional 70,625 shares in the last quarter. UBS Group AG raised its position in shares of 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 purchasing an additional 312,664 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Codere Online Luxembourg during the 3rd quarter valued at approximately $203,000. Finally, Millennium Management LLC boosted its stake in shares of Codere Online Luxembourg by 73.3% during 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. Hedge funds and other institutional investors own 10.30% of the company’s stock.

Analyst Ratings Changes

CDRO has been the subject of a number of research analyst reports. Stifel Nicolaus lowered shares of Codere Online Luxembourg from a “buy” rating to a “hold” rating and dropped their price target for the stock from $9.00 to $8.50 in a research note on Friday, January 30th. Benchmark reiterated a “hold” rating on shares of Codere Online Luxembourg in a research note on Monday, December 1st. Finally, Weiss Ratings raised shares of Codere Online Luxembourg from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Codere Online Luxembourg presently has a consensus rating of “Hold” and an average price target of $8.50.

Codere Online Luxembourg Price Performance

NASDAQ:CDRO opened at $8.14 on Thursday. The business’s 50 day moving average is $7.93 and its two-hundred day moving average is $7.36. Codere Online Luxembourg, S.A. has a 52 week low of $5.18 and a 52 week high of $8.75.

About Codere Online Luxembourg

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.