Carmignac Gestion Buys Shares of 639,034 Global Blue Group Holding AG $GB

Key Points

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

A number of other hedge funds have also bought and sold shares of GB. Wells Fargo & Company MN bought a new stake in Global Blue Group during the fourth quarter worth $79,000. Renaissance Technologies LLC lifted its holdings in 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 acquiring an additional 19,600 shares during the period. XTX Topco Ltd bought a new stake in Global Blue Group during the fourth quarter worth $87,000. Bank of America Corp DE bought a new stake in Global Blue Group during the fourth quarter worth $1,200,000. Finally, SG Americas Securities LLC bought a new stake in Global Blue Group during the first quarter worth $294,000. 89.66% of the stock is currently owned by institutional investors.

Global Blue Group Stock Performance

Global Blue Group stock traded up $0.01 during mid-day trading on Friday, reaching $7.49. 42,877 shares of the company's stock were exchanged, compared to its average volume of 66,001. The business's fifty day simple moving average is $7.43 and its 200 day simple moving average is $7.34. The firm has a market capitalization of $1.49 billion, a PE ratio of 20.24 and a beta of 0.44. Global Blue Group Holding AG has a one year low of $4.40 and a one year high of $8.00. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 3.69.

Global Blue Group (NYSE:GB - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. The business had revenue of $137.18 million for the quarter, compared to analyst estimates of $130.33 million. Global Blue Group had a return on equity of 45.20% and a net margin of 16.56%. On average, sell-side analysts expect that Global Blue Group Holding AG will post 0.3 earnings per share for the current 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).