FNY Investment Advisers LLC Grows Stake in Codere Online Luxembourg, S.A. (NASDAQ:CDRO)

FNY Investment Advisers LLC boosted its position in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO) by 194.9% in the fourth quarter, Holdings Channel reports. The fund owned 368,177 shares of the company’s stock after purchasing an additional 243,330 shares during the quarter. Codere Online Luxembourg comprises 1.2% of FNY Investment Advisers LLC’s investment portfolio, making the stock its 20th biggest holding. FNY Investment Advisers LLC’s holdings in Codere Online Luxembourg were worth $2,374,000 as of its most recent SEC filing.

Separately, Renaissance Technologies LLC increased its position in shares of Codere Online Luxembourg by 98.5% during the 2nd quarter. Renaissance Technologies LLC now owns 79,801 shares of the company’s stock valued at $650,000 after purchasing an additional 39,601 shares during the last quarter. 10.30% of the stock is owned by institutional investors and hedge funds.

Codere Online Luxembourg Stock Performance

NASDAQ:CDRO opened at $6.11 on Tuesday. Codere Online Luxembourg, S.A. has a one year low of $3.21 and a one year high of $8.76. The business has a fifty day moving average price of $7.23 and a 200-day moving average price of $7.73.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reissued a “buy” rating and issued a $10.00 price objective on shares of Codere Online Luxembourg in a report on Monday, December 30th.

Codere Online Luxembourg Profile

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.