Atom Investors LP Has $410,000 Stake in Global Blue Group Holding AG (NYSE:GB)

Atom Investors LP raised its stake in Global Blue Group Holding AG (NYSE:GB) by 20.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 75,001 shares of the company’s stock after buying an additional 12,625 shares during the period. Atom Investors LP’s holdings in Global Blue Group were worth $410,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Independent Advisor Alliance acquired a new position in Global Blue Group in the third quarter valued at about $229,000. Sei Investments Co. increased its holdings in shares of Global Blue Group by 8.6% in the second quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock worth $527,000 after acquiring an additional 8,646 shares in the last quarter. Scalar Gauge Management LLC increased its holdings in shares of Global Blue Group by 21.0% in the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock worth $1,581,000 after acquiring an additional 50,100 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Global Blue Group by 1,640.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock worth $24,395,000 after acquiring an additional 4,770,550 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

Global Blue Group Stock Up 3.0 %

Shares of Global Blue Group stock opened at $5.84 on Thursday. Global Blue Group Holding AG has a 1 year low of $4.10 and a 1 year high of $6.50. The business has a 50-day moving average of $5.51 and a two-hundred day moving average of $5.17. The company has a market capitalization of $1.17 billion, a P/E ratio of 27.81 and a beta of 0.44. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.00 and a quick ratio of 1.00.

Analysts Set New Price Targets

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

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).