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

Scalar Gauge Management LLC grew its holdings in shares of 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 Securities and Exchange Commission. The fund owned 288,983 shares of the company’s stock after purchasing an additional 50,100 shares during the period. Global Blue Group makes up about 0.8% of Scalar Gauge Management LLC’s portfolio, making the stock its 24th biggest holding. Scalar Gauge Management LLC’s holdings in Global Blue Group were worth $1,581,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its holdings in shares of 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 purchasing an additional 4,770,550 shares in the last quarter. Independent Advisor Alliance acquired a new position in shares of Global Blue Group during the third quarter valued at approximately $229,000. Finally, Sei Investments Co. lifted its holdings in Global Blue Group by 8.6% in the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock valued at $527,000 after purchasing an additional 8,646 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

Wall Street Analyst Weigh In

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

Global Blue Group Stock Performance

Shares of 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 1 year low of $4.10 and a 1 year high of $6.50. The stock 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 200-day simple moving average of $5.15.

Global Blue Group (NYSE:GB) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.03 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $127.42 million. On average, analysts predict that Global Blue Group Holding AG will post 0.29 earnings per share for the current fiscal year.

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).