Allspring Global Investments Holdings LLC Has $35.25 Million Holdings in Global Blue Group Holding AG (NYSE:GB)

Allspring Global Investments Holdings LLC cut its stake in Global Blue Group Holding AG (NYSE:GB - Free Report) by 3.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,782,196 shares of the company's stock after selling 165,862 shares during the period. Allspring Global Investments Holdings LLC owned about 2.40% of Global Blue Group worth $35,245,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Bank of America Corp DE purchased a new stake in Global Blue Group during the fourth quarter worth $1,200,000. Scalar Gauge Management LLC increased its position in Global Blue Group by 17.5% during the fourth quarter. Scalar Gauge Management LLC now owns 339,651 shares of the company's stock worth $2,354,000 after purchasing an additional 50,668 shares during the last quarter. SG Americas Securities LLC acquired a new position in Global Blue Group in the first quarter valued at $294,000. Renaissance Technologies LLC lifted its stake in shares of Global Blue Group by 74.8% in the 4th quarter. Renaissance Technologies LLC now owns 45,800 shares of the company's stock valued at $317,000 after purchasing an additional 19,600 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Global Blue Group during the first quarter worth approximately $116,000. 89.66% of the stock is owned by institutional investors and hedge funds.

Global Blue Group Stock Performance

NYSE:GB remained flat at $7.47 during trading hours on Friday. 56,321 shares of the company's stock traded hands, compared to its average volume of 227,414. The firm has a fifty day simple moving average of $7.44 and a 200 day simple moving average of $7.27. The company has a market capitalization of $1.49 billion, a P/E ratio of 20.19 and a beta of 0.44. Global Blue Group Holding AG has a one year low of $4.29 and a one year high of $8.00. The company has a debt-to-equity ratio of 3.69, a quick ratio of 1.01 and a current ratio of 1.01.

Global Blue Group (NYSE:GB - Get Free Report) last announced 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 return on equity of 45.20% and a net margin of 16.56%. The firm had revenue of $137.18 million during the quarter, compared to analyst estimates of $130.33 million. Research analysts expect that Global Blue Group Holding AG will post 0.3 EPS 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).