Global Blue Group Holding AG (NYSE:GB) Stock Position Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in shares of Global Blue Group Holding AG (NYSE:GB) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,964,140 shares of the company’s stock after selling 97,167 shares during the quarter. Allspring Global Investments Holdings LLC owned about 2.61% of Global Blue Group worth $27,154,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Sei Investments Co. boosted its stake in Global Blue Group by 8.6% during the second quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock valued at $527,000 after buying an additional 8,646 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors.

Global Blue Group Price Performance

NYSE:GB opened at $5.41 on Thursday. Global Blue Group Holding AG has a 52-week low of $4.10 and a 52-week high of $5.94. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.92. The firm has a market cap of $1.03 billion, a P/E ratio of 76.14 and a beta of 0.43. The business’s 50-day moving average price is $5.21 and its 200 day moving average price is $5.04.

Global Blue Group (NYSE:GB) last released its earnings results on Wednesday, August 28th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $126.75 million for the quarter, compared to analyst estimates of $127.42 million. Global Blue Group had a net margin of 7.32% and a return on equity of 48.62%. As a group, sell-side analysts predict that Global Blue Group Holding AG will post 0.36 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).