Russell Investments Group Ltd. Makes New Investment in Global Blue Group Holding AG (NYSE:GB)

Russell Investments Group Ltd. bought a new position in shares of Global Blue Group Holding AG (NYSE:GB) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 216,295 shares of the company’s stock, valued at approximately $1,298,000. Russell Investments Group Ltd. owned 0.12% of Global Blue Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GB. Tower Research Capital LLC TRC boosted its holdings in Global Blue Group by 216.4% during the third quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock worth $26,000 after buying an additional 3,876 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Global Blue Group by 650.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,500 shares of the company’s stock worth $34,000 after buying an additional 6,500 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Global Blue Group by 13.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 196,830 shares of the company’s stock worth $1,181,000 after buying an additional 22,958 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Global Blue Group Price Performance

Shares of GB opened at $5.67 on Wednesday. The stock’s 50-day moving average price is $5.02 and its two-hundred day moving average price is $5.55. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 114.59. The stock has a market cap of $1.08 billion, a P/E ratio of -47.25 and a beta of 0.46. Global Blue Group Holding AG has a 1 year low of $3.49 and a 1 year high of $7.60.

Global Blue Group (NYSE:GB) last posted its earnings results on Wednesday, June 28th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $93.12 million during the quarter. Global Blue Group had a negative return on equity of 297.42% and a negative net margin of 8.15%.

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).