Allspring Global Investments Holdings LLC Reduces Position in Global Blue Group Holding AG (NYSE:GB)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Global Blue Group Holding AG (NYSE:GB) by 0.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,948,058 shares of the company’s stock after selling 16,082 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Global Blue Group were worth $35,527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. WCM Investment Management LLC raised its stake in shares of Global Blue Group by 3.0% during the fourth quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company’s stock valued at $13,437,000 after acquiring an additional 57,889 shares in the last quarter. Atom Investors LP raised its stake in shares of Global Blue Group by 20.2% during the third quarter. Atom Investors LP now owns 75,001 shares of the company’s stock valued at $410,000 after acquiring an additional 12,625 shares in the last quarter. Scalar Gauge Management LLC raised its stake in shares of 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 acquiring an additional 50,100 shares in the last quarter. Finally, Independent Advisor Alliance bought a new stake in shares of Global Blue Group during the third quarter valued at approximately $229,000. Institutional investors own 89.66% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Global Blue Group Stock Performance

Shares of NYSE:GB opened at $6.58 on Friday. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 31.35 and a beta of 0.41. Global Blue Group Holding AG has a 52 week low of $4.26 and a 52 week high of $8.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.30. The firm has a 50 day moving average of $6.90 and a 200 day moving average of $5.85.

Global Blue Group (NYSE:GB) last issued its quarterly earnings data on Friday, November 22nd. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Global Blue Group had a net margin of 10.29% and a return on equity of 44.01%. During the same period in the prior year, the business earned $0.08 earnings per share. On average, sell-side analysts predict that Global Blue Group Holding AG will post 0.3 earnings per share for the current fiscal year.

Global Blue Group 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).