Corton Capital Inc. Makes New Investment in Global Business Travel Group, Inc. $GBTG

Corton Capital Inc. acquired a new position in Global Business Travel Group, Inc. (NYSE:GBTG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,971 shares of the company’s stock, valued at approximately $145,000.

Other institutional investors also recently made changes to their positions in the company. PB Investment Partners L.P. grew its holdings in shares of Global Business Travel Group by 36.2% during the 2nd quarter. PB Investment Partners L.P. now owns 835,496 shares of the company’s stock valued at $5,264,000 after purchasing an additional 222,232 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Global Business Travel Group by 66.6% in the first quarter. Goldman Sachs Group Inc. now owns 736,472 shares of the company’s stock worth $5,347,000 after purchasing an additional 294,527 shares during the last quarter. Advantage Alpha Capital Partners LP boosted its position in Global Business Travel Group by 99.0% during the first quarter. Advantage Alpha Capital Partners LP now owns 704,317 shares of the company’s stock valued at $5,113,000 after buying an additional 350,350 shares during the period. Emmett Investment Management LP grew its stake in shares of Global Business Travel Group by 116.3% during the first quarter. Emmett Investment Management LP now owns 500,178 shares of the company’s stock valued at $3,676,000 after buying an additional 268,967 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Global Business Travel Group during the first quarter valued at about $2,651,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Stock Down 0.1%

NYSE GBTG opened at $7.67 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $3.67 billion, a PE ratio of -58.96 and a beta of 0.73. Global Business Travel Group, Inc. has a 1 year low of $5.78 and a 1 year high of $9.60. The business’s 50-day moving average is $8.05 and its 200 day moving average is $7.11.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Global Business Travel Group had a negative return on equity of 2.19% and a negative net margin of 2.34%.The business had revenue of $631.00 million during the quarter, compared to analyst estimates of $624.12 million. Sell-side analysts forecast that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GBTG shares. UBS Group boosted their target price on Global Business Travel Group from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen cut Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. BTIG Research boosted their price objective on Global Business Travel Group from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Global Business Travel Group in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Global Business Travel Group currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Global Business Travel Group Profile

Global Business Travel Group, Inc provides business-to-business (B2B) travel platform in the United States and internationally. The company's platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers, such as airlines, hotels, ground transportation, and aggregators; and third-party travel agencies.