Scalar Gauge Management LLC grew its position in shares of Global Blue Group Holding AG (NYSE:GB - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 339,651 shares of the company's stock after acquiring an additional 50,668 shares during the quarter. Global Blue Group comprises about 1.1% of Scalar Gauge Management LLC's investment portfolio, making the stock its 22nd largest holding. Scalar Gauge Management LLC owned about 0.17% of Global Blue Group worth $2,354,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Orion Portfolio Solutions LLC acquired a new stake in Global Blue Group in the 4th quarter valued at approximately $73,000. Atom Investors LP grew its stake in shares of Global Blue Group by 20.2% in the third quarter. Atom Investors LP now owns 75,001 shares of the company's stock worth $410,000 after purchasing an additional 12,625 shares in the last quarter. Finally, WCM Investment Management LLC increased its holdings in shares of Global Blue Group by 3.0% during the fourth quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company's stock valued at $13,437,000 after purchasing an additional 57,889 shares during the period. Institutional investors and hedge funds own 89.66% of the company's stock.
Global Blue Group Price Performance
NYSE:GB traded down $0.04 during midday trading on Friday, hitting $7.34. 152,746 shares of the stock were exchanged, compared to its average volume of 191,086. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 34.93 and a beta of 0.41. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30. Global Blue Group Holding AG has a one year low of $4.29 and a one year high of $8.00. The business has a 50-day moving average price of $7.14 and a two-hundred day moving average price of $6.43.
Wall Street Analysts Forecast Growth
Separately, Oppenheimer cut shares of Global Blue Group from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th.
View Our Latest Research Report on Global Blue Group
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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