Scalar Gauge Management LLC Acquires 50,100 Shares of Global Blue Group Holding AG (NYSE:GB)

Scalar Gauge Management LLC raised its position in Global Blue Group Holding AG (NYSE:GB) by 21.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 288,983 shares of the company’s stock after buying an additional 50,100 shares during the period. Global Blue Group accounts for 0.8% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 24th biggest holding. Scalar Gauge Management LLC owned 0.15% of Global Blue Group worth $1,581,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GB. Independent Advisor Alliance bought a new stake in Global Blue Group in the 3rd quarter worth approximately $229,000. 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 worth $527,000 after acquiring an additional 8,646 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Global Blue Group by 1,640.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock valued at $24,395,000 after buying an additional 4,770,550 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Global Blue Group Stock Performance

NYSE:GB opened at $6.15 on Friday. The company has a debt-to-equity ratio of 5.30, a quick ratio of 0.98 and a current ratio of 1.00. Global Blue Group Holding AG has a 52-week low of $4.10 and a 52-week high of $6.50. The firm has a market capitalization of $1.23 billion, a PE ratio of 29.29 and a beta of 0.42. The stock has a 50-day simple moving average of $5.49 and a two-hundred day simple moving average of $5.15.

Global Blue Group (NYSE:GB) last posted its earnings results on Wednesday, August 28th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Global Blue Group had a return on equity of 44.01% and a net margin of 10.29%. The firm had revenue of $126.75 million during the quarter, compared to analysts’ expectations of $127.42 million. Analysts forecast that Global Blue Group Holding AG will post 0.29 EPS for the current year.

Global Blue Group 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).