SG Americas Securities LLC Makes New Investment in Global Blue Group Holding AG (NYSE:GB)

SG Americas Securities LLC bought a new position in Global Blue Group Holding AG (NYSE:GB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 40,000 shares of the company's stock, valued at approximately $294,000.

A number of other large investors have also modified their holdings of the stock. Orion Portfolio Solutions LLC purchased a new position in Global Blue Group in the 4th quarter worth approximately $73,000. Wells Fargo & Company MN purchased a new stake in shares of Global Blue Group during the fourth quarter valued at approximately $79,000. XTX Topco Ltd acquired a new position in shares of Global Blue Group during the fourth quarter worth $87,000. Renaissance Technologies LLC boosted its stake in shares of Global Blue Group by 74.8% in the fourth 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. Finally, Bank of America Corp DE purchased a new position in shares of Global Blue Group in the fourth quarter valued at $1,200,000. Institutional investors and hedge funds own 89.66% of the company's stock.

Global Blue Group Stock Up 0.3%

Shares of Global Blue Group stock opened at $7.48 on Friday. Global Blue Group Holding AG has a 1-year low of $4.29 and a 1-year high of $8.00. The company has a market capitalization of $1.49 billion, a PE ratio of 20.20 and a beta of 0.44. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50-day moving average of $7.44 and a 200-day moving average of $7.23.

Global Blue Group (NYSE:GB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates 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. As a group, equities analysts forecast that Global Blue Group Holding AG will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer downgraded shares of Global Blue Group from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.