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

UBS Group AG lessened its position in Codere Online Luxembourg, S.A. (NASDAQ:CDRO) by 17.5% during the fourth quarter, Holdings Channel reports. The fund owned 422,908 shares of the company’s stock after selling 89,976 shares during the period. UBS Group AG’s holdings in Codere Online Luxembourg were worth $3,396,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC increased its stake in Codere Online Luxembourg by 26.8% in the fourth quarter. FNY Investment Advisers LLC now owns 851,178 shares of the company’s stock valued at $6,834,000 after acquiring an additional 180,153 shares during the last quarter. Mmbg Investment Advisors CO. increased its stake in Codere Online Luxembourg by 23.9% in the third quarter. Mmbg Investment Advisors CO. now owns 366,325 shares of the company’s stock valued at $2,528,000 after acquiring an additional 70,625 shares during the last quarter. Millennium Management LLC increased its stake 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 acquiring an additional 24,438 shares during the last quarter. Squarepoint Ops LLC bought a new position in Codere Online Luxembourg in the third quarter valued at $203,000. Finally, Susquehanna International Group LLP bought a new position in Codere Online Luxembourg in the third quarter valued at $90,000. Institutional investors own 10.30% of the company’s stock.

Codere Online Luxembourg Stock Performance

NASDAQ CDRO opened at $9.32 on Monday. The company has a 50-day simple moving average of $8.73 and a two-hundred day simple moving average of $7.92. Codere Online Luxembourg, S.A. has a 12-month low of $5.18 and a 12-month high of $9.72.

Wall Street Analysts Forecast Growth

CDRO has been the topic of a number of research analyst reports. Stifel Nicolaus set a $10.00 target price on Codere Online Luxembourg in a research note on Friday, May 8th. Weiss Ratings lowered shares of Codere Online Luxembourg from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.00.

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.