Global Business Travel Group (NYSE:GBTG) Sees Large Volume Increase

Global Business Travel Group, Inc. (NYSE:GBTG) shares saw unusually-high trading volume on Monday . Approximately 319,496 shares traded hands during mid-day trading, an increase of 105% from the previous session’s volume of 155,896 shares.The stock last traded at $6.03 and had previously closed at $6.00.

Global Business Travel Group Trading Up 0.3 %

The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.12. The business’s 50-day moving average price is $5.86 and its two-hundred day moving average price is $5.83.

Global Business Travel Group (NYSE:GBTG) last posted 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 business had revenue of $549.00 million during the quarter, compared to analyst estimates 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%. As a group, equities analysts anticipate that Global Business Travel Group, Inc. will post 0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Global Business Travel Group

Large investors have recently added to or reduced their stakes in the company. American Express Co acquired a new position in shares of Global Business Travel Group during the 4th quarter worth about $1,017,721,000. Dendur Capital LP boosted its stake in shares of Global Business Travel Group by 20.1% during the 3rd quarter. Dendur Capital LP now owns 2,450,000 shares of the company’s stock worth $13,475,000 after acquiring an additional 410,114 shares during the period. Ballast Asset Management LP bought a new stake in Global Business Travel Group in the 3rd quarter valued at $1,259,000. Par Capital Management Inc. lifted its holdings in Global Business Travel Group by 42.1% during the 4th quarter. Par Capital Management Inc. now owns 770,000 shares of the company’s stock valued at $4,966,000 after purchasing an additional 228,149 shares during the last quarter. Finally, Carronade Capital Management LP boosted 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 worth $19,105,000 after purchasing an additional 176,404 shares during the period. Institutional investors own 82.46% of the company’s stock.

About Global Business Travel Group

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.