Allspring Global Investments Holdings LLC Boosts Stake in Global Blue Group Holding AG (NYSE:GB)

Allspring Global Investments Holdings LLC grew its stake in shares of Global Blue Group Holding AG (NYSE:GB) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 288,224 shares of the company’s stock after buying an additional 6,377 shares during the period. Allspring Global Investments Holdings LLC owned 0.15% of Global Blue Group worth $1,363,000 at the end of the most recent reporting period.

Separately, Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Global Blue Group in the third quarter worth $49,000. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Global Blue Group Stock Performance

GB opened at $5.00 on Tuesday. The stock has a market capitalization of $949.30 million, a price-to-earnings ratio of 50.01 and a beta of 0.41. Global Blue Group Holding AG has a fifty-two week low of $4.01 and a fifty-two week high of $6.35. The company has a debt-to-equity ratio of 8.20, a quick ratio of 1.00 and a current ratio of 1.00. The company has a fifty day moving average of $4.86 and a 200 day moving average of $4.83.

Global Blue Group (NYSE:GB) last posted its earnings results on Friday, February 23rd. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Global Blue Group had a return on equity of 87.79% and a net margin of 5.28%. The business had revenue of $117.81 million during the quarter, compared to the consensus estimate of $121.73 million. As a group, sell-side analysts forecast that Global Blue Group Holding AG will post 0.24 earnings per share for the current fiscal year.

Global Blue Group Company 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).