Par Capital Management Inc. increased its holdings in Global Business Travel Group, Inc. (NYSE:GBTG – Free Report) by 42.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 770,000 shares of the company’s stock after acquiring an additional 228,149 shares during the quarter. Par Capital Management Inc. owned about 0.16% of Global Business Travel Group worth $4,966,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in Global Business Travel Group by 53.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,650 shares of the company’s stock worth $43,000 after acquiring an additional 2,323 shares during the period. Victory Capital Management Inc. purchased a new position in Global Business Travel Group during the third quarter valued at $157,000. Ballast Asset Management LP purchased a new position in Global Business Travel Group during the third quarter valued at $1,259,000. Dendur Capital LP lifted its position in Global Business Travel Group by 20.1% during the third quarter. Dendur Capital LP now owns 2,450,000 shares of the company’s stock valued at $13,475,000 after buying an additional 410,114 shares during the period. Finally, Carronade Capital Management LP lifted its position in Global Business Travel Group by 5.4% during the third quarter. Carronade Capital Management LP now owns 3,473,562 shares of the company’s stock valued at $19,105,000 after buying an additional 176,404 shares during the period. Hedge funds and other institutional investors own 82.46% of the company’s stock.
Global Business Travel Group Stock Performance
Shares of Global Business Travel Group stock opened at $6.43 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $3.04 billion, a P/E ratio of -16.49 and a beta of 0.60. The business has a fifty day simple moving average of $6.08 and a two-hundred day simple moving average of $6.00. Global Business Travel Group, Inc. has a 12 month low of $4.49 and a 12 month high of $8.05.
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.
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