Allspring Global Investments Holdings LLC boosted its position in shares of Global Blue Group Holding AG (NYSE:GB – Free Report) 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 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).
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