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Versor Investments LP Takes Position in Global Blue Group Holding AG $GB

Global Blue Group logo with Business Services background

Key Points

  • Versor Investments LP has taken a new position in Global Blue Group Holding AG, purchasing 213,091 shares valued at approximately $1.57 million, representing about 0.11% of the company as of the latest SEC filing.
  • Several institutional investors have also increased their stakes in Global Blue Group, with notable investments including Bank of America Corp DE and Renaissance Technologies LLC, reflecting growing interest in the company.
  • Global Blue Group reported earnings of $0.06 EPS for the last quarter, exceeding analyst estimates, and generating $137.18 million in revenue, showcasing strong financial performance.
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Versor Investments LP acquired a new stake in shares of Global Blue Group Holding AG (NYSE:GB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 213,091 shares of the company's stock, valued at approximately $1,568,000. Versor Investments LP owned about 0.11% of Global Blue Group as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of GB. Wells Fargo & Company MN purchased a new stake in Global Blue Group during the 4th quarter valued at about $79,000. 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 worth $317,000 after purchasing an additional 19,600 shares during the period. XTX Topco Ltd bought a new position in shares of Global Blue Group in the 4th quarter worth approximately $87,000. Bank of America Corp DE bought a new position in shares of Global Blue Group in the 4th quarter worth approximately $1,200,000. Finally, SG Americas Securities LLC bought a new position in shares of Global Blue Group in the 1st quarter worth approximately $294,000. 89.66% of the stock is owned by hedge funds and other institutional investors.

Global Blue Group Stock Performance

Shares of NYSE:GB traded up $0.01 during trading on Thursday, hitting $7.49. The company's stock had a trading volume of 42,877 shares, compared to its average volume of 66,001. Global Blue Group Holding AG has a 12 month low of $4.40 and a 12 month high of $8.00. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 20.24 and a beta of 0.44. The company has a 50-day moving average of $7.43 and a 200-day moving average of $7.33. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.01 and a quick ratio of 1.01.

Global Blue Group (NYSE:GB - Get Free Report) last released its 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. Global Blue Group had a net margin of 16.56% and a return on equity of 45.20%. The company had revenue of $137.18 million for the quarter, compared to analysts' expectations of $130.33 million. On average, sell-side analysts expect that Global Blue Group Holding AG will post 0.3 earnings per share for the current year.

Global Blue Group Profile

(Free Report)

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).

Further Reading

Institutional Ownership by Quarter for Global Blue Group (NYSE:GB)

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