7,871,416 Shares in XBP Global Holdings, Inc. $XBP Acquired by HoldCo Asset Management LP

HoldCo Asset Management LP acquired a new stake in XBP Global Holdings, Inc. (NASDAQ:XBP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,871,416 shares of the company’s stock, valued at approximately $6,352,000. XBP Global makes up 0.7% of HoldCo Asset Management LP’s investment portfolio, making the stock its 13th largest position. HoldCo Asset Management LP owned about 6.70% of XBP Global as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clear Harbor Asset Management LLC acquired a new stake in XBP Global in the third quarter valued at $42,000. Shay Capital LLC increased its position in shares of XBP Global by 354.6% in the third quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock valued at $81,000 after buying an additional 78,001 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of XBP Global during the 3rd quarter worth $504,000. Bank of America Corp DE boosted its position in shares of XBP Global by 511,066.0% in the 3rd quarter. Bank of America Corp DE now owns 1,579,503 shares of the company’s stock worth $1,275,000 after buying an additional 1,579,194 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in shares of XBP Global in the 3rd quarter worth about $1,362,000. 15.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of XBP Global in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

XBP Global Price Performance

Shares of NASDAQ:XBP opened at $5.74 on Monday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.70 and a current ratio of 0.73. The business’s fifty day moving average price is $7.48 and its two-hundred day moving average price is $6.97. The stock has a market cap of $67.45 million, a PE ratio of -2.61 and a beta of -0.39. XBP Global Holdings, Inc. has a one year low of $4.11 and a one year high of $25.60.

About XBP Global

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business.