WCM Investment Management LLC Increases Stock Holdings in Global Blue Group Holding AG (NYSE:GB)

WCM Investment Management LLC increased its position in Global Blue Group Holding AG (NYSE:GB) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,990,631 shares of the company’s stock after acquiring an additional 57,889 shares during the quarter. WCM Investment Management LLC owned about 1.00% of Global Blue Group worth $13,437,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Independent Advisor Alliance purchased a new stake in shares of Global Blue Group in the 3rd quarter valued at about $229,000. Atom Investors LP raised its stake in Global Blue Group by 20.2% in the third quarter. Atom Investors LP now owns 75,001 shares of the company’s stock valued at $410,000 after purchasing an additional 12,625 shares in the last quarter. Finally, Scalar Gauge Management LLC lifted its position in Global Blue Group by 21.0% during the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock valued at $1,581,000 after purchasing an additional 50,100 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Global Blue Group Trading Up 1.6 %

NYSE GB opened at $6.47 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.30. The stock’s 50-day simple moving average is $6.83 and its two-hundred day simple moving average is $5.81. Global Blue Group Holding AG has a twelve month low of $4.17 and a twelve month high of $8.00. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 30.81 and a beta of 0.41.

Global Blue Group (NYSE:GB) last announced its quarterly earnings data on Friday, November 22nd. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Global Blue Group had a return on equity of 44.01% and a net margin of 10.29%. During the same quarter in the previous year, the business posted $0.08 EPS. Research analysts forecast that Global Blue Group Holding AG will post 0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer initiated coverage on shares of Global Blue Group in a report on Thursday, October 24th. They issued an “outperform” rating and a $6.00 price target on the stock.

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).