Bank of America Corp DE Buys New Position in Global Blue Group Holding AG (NYSE:GB)

Bank of America Corp DE purchased a new position in shares of Global Blue Group Holding AG (NYSE:GB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 173,225 shares of the company's stock, valued at approximately $1,200,000. Bank of America Corp DE owned 0.09% of Global Blue Group as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in GB. WCM Investment Management LLC lifted its position 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 worth $13,437,000 after acquiring an additional 57,889 shares in the last quarter. Scalar Gauge Management LLC grew its position in shares of Global Blue Group by 17.5% in the fourth quarter. Scalar Gauge Management LLC now owns 339,651 shares of the company's stock valued at $2,354,000 after purchasing an additional 50,668 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Global Blue Group by 74.8% during 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 during the period. XTX Topco Ltd purchased a new stake in Global Blue Group during the 4th quarter worth about $87,000. Finally, Wells Fargo & Company MN bought a new position in Global Blue Group in the 4th quarter worth about $79,000. Hedge funds and other institutional investors own 89.66% of the company's stock.

Wall Street Analyst Weigh In

Separately, Oppenheimer cut Global Blue Group from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th.

Global Blue Group Price Performance

Global Blue Group stock traded up $0.02 during midday trading on Friday, reaching $7.44. 36,445 shares of the stock were exchanged, compared to its average volume of 225,714. Global Blue Group Holding AG has a 52 week low of $4.29 and a 52 week high of $8.00. The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $1.48 billion, a PE ratio of 35.40 and a beta of 0.44. The company's fifty day moving average is $7.40 and its 200-day moving average is $7.06.

Global Blue Group (NYSE:GB - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.02. Global Blue Group had a net margin of 10.29% and a return on equity of 44.01%. The firm had revenue of $137.18 million during the quarter, compared to analyst estimates of $130.33 million. On average, sell-side analysts forecast that Global Blue Group Holding AG will post 0.3 EPS 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).