Global Blue Group Holding AG (NYSE:GB) Stake Cut by Banque Pictet & Cie SA

Banque Pictet & Cie SA cut its position in shares of Global Blue Group Holding AG (NYSE:GB) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 942,858 shares of the company’s stock after selling 128,571 shares during the period. Banque Pictet & Cie SA’s holdings in Global Blue Group were worth $6,534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GB. WCM Investment Management LLC raised its stake in shares of Global Blue Group by 3.0% during the 4th quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company’s stock worth $13,437,000 after purchasing an additional 57,889 shares in the last quarter. Scalar Gauge Management LLC raised its stake in shares of Global Blue Group by 21.0% during the 3rd quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock worth $1,581,000 after purchasing an additional 50,100 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of Global Blue Group during the 3rd quarter worth about $229,000. Finally, Atom Investors LP raised its stake in shares of Global Blue Group by 20.2% during the 3rd quarter. Atom Investors LP now owns 75,001 shares of the company’s stock worth $410,000 after purchasing an additional 12,625 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Global Blue Group Stock Performance

Shares of NYSE GB opened at $6.58 on Friday. The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 31.35 and a beta of 0.41. The business’s 50-day simple moving average is $6.91 and its 200-day simple moving average is $5.86. Global Blue Group Holding AG has a 52 week low of $4.26 and a 52 week high of $8.00.

Global Blue Group (NYSE:GB) last issued its quarterly earnings data on Friday, November 22nd. The company reported $0.10 EPS 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 last year, the business posted $0.08 EPS. As a group, equities research analysts expect that Global Blue Group Holding AG will post 0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer began coverage on Global Blue Group in a research note on Thursday, October 24th. They set an “outperform” rating and a $6.00 price target for the company.

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).