Global Blue Group (NYSE:GB) Downgraded to Market Perform Rating by Oppenheimer

Oppenheimer downgraded shares of Global Blue Group (NYSE:GB) from an outperform rating to a market perform rating in a research note released on Thursday morning, MarketBeat reports.

Global Blue Group Stock Down 0.3 %

GB stock opened at $7.32 on Thursday. Global Blue Group has a twelve month low of $4.26 and a twelve month high of $8.00. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 34.86 and a beta of 0.41. The business has a 50 day moving average price of $7.09 and a two-hundred day moving average price of $6.01. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.30.

Institutional Trading of Global Blue Group

A number of hedge funds have recently made changes to their positions in GB. Bank of America Corp DE acquired a new stake in shares of Global Blue Group in the fourth quarter valued at approximately $1,200,000. WCM Investment Management LLC lifted its holdings in 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 during the last quarter. Scalar Gauge Management LLC lifted its holdings in Global Blue Group by 17.5% during the 4th quarter. Scalar Gauge Management LLC now owns 339,651 shares of the company’s stock worth $2,354,000 after purchasing an additional 50,668 shares during the last quarter. Independent Advisor Alliance acquired a new stake in Global Blue Group during the 3rd quarter worth approximately $229,000. Finally, Renaissance Technologies LLC lifted its holdings in Global Blue Group by 74.8% during the 4th quarter. Renaissance Technologies LLC now owns 45,800 shares of the company’s stock worth $317,000 after purchasing an additional 19,600 shares during the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

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).