Global Blue Group Holding AG (NYSE:GB – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $6.50 and last traded at $6.50, with a volume of 12149 shares trading hands. The stock had previously closed at $6.45.
Analyst Ratings Changes
Separately, Oppenheimer initiated coverage on Global Blue Group in a research note on Thursday, October 24th. They issued an “outperform” rating and a $6.00 target price on the stock.
View Our Latest Research Report on GB
Global Blue Group Stock Up 3.7 %
Hedge Funds Weigh In On Global Blue Group
Large investors have recently bought and sold shares of the business. Atom Investors LP increased its position 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 valued at $410,000 after buying an additional 12,625 shares in the last quarter. Scalar Gauge Management LLC lifted its holdings in Global Blue Group by 21.0% during the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock valued at $1,581,000 after purchasing an additional 50,100 shares in the last quarter. Independent Advisor Alliance acquired a new stake in shares of Global Blue Group in the third quarter valued at about $229,000. Sei Investments Co. boosted its holdings in Global Blue Group by 8.6% in the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock worth $527,000 after buying an additional 8,646 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Global Blue Group by 1,640.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock worth $24,395,000 after purchasing an additional 4,770,550 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.
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).
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