Carmignac Gestion Takes Position in Global Blue Group Holding AG $GB

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Carmignac Gestion bought a new position in Global Blue Group Holding AG (NYSE:GB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 639,034 shares of the company's stock, valued at approximately $4,703,000. Carmignac Gestion owned about 0.32% of Global Blue Group as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Versor Investments LP acquired a new position in Global Blue Group in the first quarter valued at about $1,568,000. Bank of America Corp DE bought a new position in Global Blue Group in the 4th quarter valued at $1,200,000. Virtu Financial LLC acquired a new position in Global Blue Group in the first quarter worth $403,000. Renaissance Technologies LLC grew its holdings in shares of Global Blue Group by 74.8% during the fourth quarter. Renaissance Technologies LLC now owns 45,800 shares of the company's stock worth $317,000 after purchasing an additional 19,600 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Global Blue Group during the first quarter worth $294,000. 89.66% of the stock is owned by institutional investors.

Global Blue Group Price Performance

Shares of Global Blue Group stock traded up $0.01 during trading on Friday, reaching $7.49. The company's stock had a trading volume of 42,877 shares, compared to its average volume of 66,001. The stock has a 50-day moving average price of $7.43 and a two-hundred day moving average price of $7.35. The stock has a market capitalization of $1.49 billion, a P/E ratio of 20.24 and a beta of 0.44. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 3.69. Global Blue Group Holding AG has a one year low of $4.40 and a one year high of $8.00.

Global Blue Group (NYSE:GB - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. Global Blue Group had a net margin of 16.56% and a return on equity of 45.20%. The firm had revenue of $137.18 million during the quarter, compared to analysts' expectations of $130.33 million. As a group, sell-side analysts anticipate that Global Blue Group Holding AG will post 0.3 EPS for the current fiscal year.

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).