Global Business Travel Group, Inc. (NYSE:GBTG) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its position in Global Business Travel Group, Inc. (NYSE:GBTG) by 53.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,650 shares of the company’s stock after buying an additional 2,323 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Global Business Travel Group were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. American Express Co purchased a new position in Global Business Travel Group in the fourth quarter valued at $1,017,721,000. Carronade Capital Management LP boosted its holdings in Global Business Travel Group by 5.4% in the third quarter. Carronade Capital Management LP now owns 3,473,562 shares of the company’s stock valued at $19,105,000 after purchasing an additional 176,404 shares during the period. Dendur Capital LP boosted its holdings in Global Business Travel Group by 20.1% in the third quarter. Dendur Capital LP now owns 2,450,000 shares of the company’s stock valued at $13,475,000 after purchasing an additional 410,114 shares during the period. Ballast Asset Management LP purchased a new position in Global Business Travel Group in the third quarter valued at $1,259,000. Finally, Victory Capital Management Inc. purchased a new position in Global Business Travel Group in the third quarter valued at $157,000. 82.46% of the stock is owned by institutional investors and hedge funds.

Global Business Travel Group Stock Up 1.8 %

NYSE:GBTG traded up $0.11 during midday trading on Thursday, reaching $6.16. The company had a trading volume of 484,574 shares, compared to its average volume of 177,333. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -15.02 and a beta of 0.61. The stock’s fifty day simple moving average is $5.87 and its 200-day simple moving average is $5.85. Global Business Travel Group, Inc. has a 12-month low of $4.49 and a 12-month high of $8.05. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.12.

Global Business Travel Group (NYSE:GBTG) last released its earnings results on Tuesday, March 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). The company had revenue of $549.00 million during the quarter, compared to analysts’ expectations of $540.21 million. Global Business Travel Group had a negative net margin of 2.71% and a negative return on equity of 4.81%. On average, sell-side analysts anticipate that Global Business Travel Group, Inc. will post 0.07 earnings per share for the current fiscal year.

Global Business Travel Group Profile

Global Business Travel Group, Inc provides business-to-business (B2B) travel platform in the United States and internationally. The company's platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers, such as airlines, hotels, ground transportation, and aggregators; and third-party travel agencies.