WCM Investment Management LLC Boosts Position in Global Blue Group Holding AG (NYSE:GB)

WCM Investment Management LLC increased its holdings in Global Blue Group Holding AG (NYSE:GB) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,990,631 shares of the company’s stock after acquiring an additional 57,889 shares during the period. WCM Investment Management LLC’s holdings in Global Blue Group were worth $13,437,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Independent Advisor Alliance bought a new position in shares of Global Blue Group in the 3rd quarter worth approximately $229,000. Atom Investors LP grew 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 worth $410,000 after purchasing an additional 12,625 shares during the period. Finally, Scalar Gauge Management LLC raised its holdings in Global Blue Group by 21.0% in the third 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. Institutional investors own 89.66% of the company’s stock.

Analysts Set New Price Targets

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

Global Blue Group Price Performance

GB stock opened at $6.47 on Monday. 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 50 day moving average price of $6.83 and a 200-day moving average price of $5.81. Global Blue Group Holding AG has a 52-week low of $4.17 and a 52-week high of $8.00. The firm 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 (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 in the previous year, the business earned $0.08 earnings per share. Equities research analysts forecast that Global Blue Group Holding AG will post 0.3 EPS for the current fiscal 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).