Allspring Global Investments Holdings LLC increased its position in Global Blue Group Holding AG (NYSE:GB - Free Report) by 1,640.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,061,307 shares of the company's stock after buying an additional 4,770,550 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.67% of Global Blue Group worth $24,395,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Armistice Capital LLC lifted its holdings in Global Blue Group by 1.2% in the 4th quarter. Armistice Capital LLC now owns 1,214,475 shares of the company's stock worth $5,744,000 after buying an additional 14,600 shares during the period. Sei Investments Co. lifted its stake in Global Blue Group by 4.1% in the first quarter. Sei Investments Co. now owns 100,789 shares of the company's stock worth $528,000 after acquiring an additional 4,000 shares during the period. Scalar Gauge Management LLC purchased a new stake in Global Blue Group in the fourth quarter worth $1,083,000. Finally, WCM Investment Management LLC boosted its holdings in Global Blue Group by 3.9% in the first quarter. WCM Investment Management LLC now owns 1,920,343 shares of the company's stock valued at $10,063,000 after acquiring an additional 71,326 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors.
Global Blue Group Trading Up 4.0 %
NYSE GB traded up $0.19 during trading on Wednesday, hitting $4.91. The company had a trading volume of 42,154 shares, compared to its average volume of 28,359. The company's fifty day moving average is $4.90 and its 200-day moving average is $4.88. The company has a market cap of $932.19 million, a price-to-earnings ratio of 71.14 and a beta of 0.42. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 8.36. Global Blue Group Holding AG has a one year low of $4.10 and a one year high of $6.25.
Global Blue Group (NYSE:GB - Get Free Report) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The company had revenue of $114.26 million during the quarter, compared to the consensus estimate of $112.38 million. Global Blue Group had a return on equity of 61.46% and a net margin of 3.29%. During the same period in the previous year, the company earned ($0.01) earnings per share. On average, sell-side analysts predict that Global Blue Group Holding AG will post 0.3 earnings per share for the current year.
About Global Blue Group
(
Free Report)
Global Blue Group Holding AG, together with its subsidiaries, provides technology-enabled transaction processing services for merchants, banks, acquirers, governments, and travelers in Europe, the Asia Pacific, and internationally. The company operates in three segments: Tax Free Shopping Technology Solutions (TFSS), Added-Value Payment Solutions (AVPS), and Retail Tech Solutions (RTS).
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