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Exchange Traded Concepts LLC Makes New Investment in Codere Online Luxembourg, S.A. (NASDAQ:CDRO)

Codere Online Luxembourg logo with Consumer Discretionary background

Exchange Traded Concepts LLC bought a new stake in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 56,411 shares of the company's stock, valued at approximately $364,000. Exchange Traded Concepts LLC owned about 0.12% of Codere Online Luxembourg at the end of the most recent reporting period.

Separately, FNY Investment Advisers LLC grew its stake in shares of Codere Online Luxembourg by 194.9% during the fourth quarter. FNY Investment Advisers LLC now owns 368,177 shares of the company's stock valued at $2,374,000 after buying an additional 243,330 shares during the last quarter. 10.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reissued a "buy" rating and set a $10.00 target price on shares of Codere Online Luxembourg in a research note on Monday, December 30th.

Read Our Latest Report on Codere Online Luxembourg

Codere Online Luxembourg Stock Performance

NASDAQ CDRO traded down $0.23 on Monday, reaching $6.35. The company had a trading volume of 16,610 shares, compared to its average volume of 36,553. Codere Online Luxembourg, S.A. has a 12 month low of $4.11 and a 12 month high of $8.76. The firm's 50 day moving average price is $6.94 and its 200 day moving average price is $7.58.

About Codere Online Luxembourg

(Free Report)

Codere Online Luxembourg, SA operates as an online casino gaming and sports betting company. It also offers online casino wagering products and services, as well as online gambling and other online services. The company offers its products under the Codere and Greenplay brand names. It primarily operates in Spain, Italy, Mexico, Colombia, the United Kingdom, Germany, South Africa, Austria, Malta, Panama, and Argentina.

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