Allspring Global Investments Holdings LLC Grows Stake in Global Blue Group Holding AG (NYSE:GB)

Allspring Global Investments Holdings LLC boosted its position in shares of Global Blue Group Holding AG (NYSE:GB) by 1,640.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,061,307 shares of the company’s stock after purchasing an additional 4,770,550 shares during the quarter. Allspring Global Investments Holdings LLC owned about 2.67% of Global Blue Group worth $24,395,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GB. Sei Investments Co. raised its position in shares of Global Blue Group by 4.1% in the 1st quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock worth $528,000 after acquiring an additional 4,000 shares in the last quarter. Scalar Gauge Management LLC purchased a new position in Global Blue Group during the 4th quarter worth $1,083,000. Armistice Capital LLC grew its stake in Global Blue Group by 1.2% during 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 last quarter. Finally, WCM Investment Management LLC grew its stake in Global Blue Group by 3.9% during the 1st quarter. WCM Investment Management LLC now owns 1,920,343 shares of the company’s stock worth $10,063,000 after buying an additional 71,326 shares during the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Global Blue Group Stock Up 0.6 %

Shares of GB stock opened at $4.67 on Wednesday. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s fifty day moving average price is $4.90 and its 200 day moving average price is $4.88. The company has a market cap of $886.63 million, a price-to-earnings ratio of 66.71 and a beta of 0.42. Global Blue Group Holding AG has a 1-year low of $4.10 and a 1-year high of $6.25.

Global Blue Group (NYSE:GB) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $114.26 million for the quarter, compared to analysts’ expectations of $112.38 million. Global Blue Group had a net margin of 3.29% and a return on equity of 61.46%. During the same quarter in the previous year, the firm posted ($0.01) EPS. On average, research analysts expect that Global Blue Group Holding AG will post 0.3 earnings per share for the current fiscal year.

Global Blue Group Company Profile

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).