XBP Europe (NASDAQ:XBP) Shares Down 5.6%

XBP Europe Holdings, Inc. (NASDAQ:XBP)’s share price was down 5.6% during mid-day trading on Tuesday . The stock traded as low as $1.20 and last traded at $1.21. Approximately 6,423 shares traded hands during trading, a decline of 77% from the average daily volume of 27,371 shares. The stock had previously closed at $1.28.

XBP Europe Stock Down 5.6 %

The company’s fifty day moving average price is $2.11.

Institutional Investors Weigh In On XBP Europe

A hedge fund recently bought a new stake in XBP Europe stock. Cantor Fitzgerald L. P. acquired a new stake in XBP Europe Holdings, Inc. (NASDAQ:XBP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,601,904 shares of the company’s stock, valued at approximately $34,990,000. XBP Europe accounts for 7.3% of Cantor Fitzgerald L. P.’s portfolio, making the stock its 4th biggest holding. Cantor Fitzgerald L. P. owned 80.22% of XBP Europe as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 15.72% of the company’s stock.

About XBP Europe

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries.