Independent Advisor Alliance Invests $229,000 in Global Blue Group Holding AG (NYSE:GB)

Independent Advisor Alliance bought a new position in Global Blue Group Holding AG (NYSE:GB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 41,899 shares of the company’s stock, valued at approximately $229,000.

Separately, Sei Investments Co. grew its position in shares of Global Blue Group by 8.6% during the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock valued at $527,000 after buying an additional 8,646 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Global Blue Group Price Performance

Shares of NYSE:GB opened at $6.15 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 5.30. Global Blue Group Holding AG has a fifty-two week low of $4.10 and a fifty-two week high of $6.50. The firm has a 50-day simple moving average of $5.49 and a 200 day simple moving average of $5.15. The company has a market cap of $1.23 billion, a PE ratio of 29.29 and a beta of 0.42.

Global Blue Group (NYSE:GB) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The business had revenue of $126.75 million for the quarter, compared to the consensus estimate of $127.42 million. Global Blue Group had a net margin of 10.29% and a return on equity of 44.01%. On average, sell-side analysts anticipate that Global Blue Group Holding AG will post 0.29 EPS for the current year.

Analyst Ratings Changes

Separately, Oppenheimer began coverage on shares of Global Blue Group in a research report on Thursday, October 24th. They set an “outperform” rating and a $6.00 price objective for the company.

About Global Blue Group

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).