Cantor Fitzgerald L. P. Acquires 572,449 Shares of XBP Global Holdings, Inc. $XBP

Cantor Fitzgerald L. P. grew its holdings in XBP Global Holdings, Inc. (NASDAQ:XBP) by 9.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,636,853 shares of the company’s stock after acquiring an additional 572,449 shares during the period. Cantor Fitzgerald L. P. owned about 0.06% of XBP Global worth $5,356,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Clear Harbor Asset Management LLC purchased a new stake in shares of XBP Global during the 3rd quarter valued at about $42,000. Shay Capital LLC grew its position in XBP Global by 354.6% in the third quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock worth $81,000 after acquiring an additional 78,001 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in XBP Global during the third quarter worth approximately $504,000. Allianz Asset Management GmbH bought a new stake in XBP Global during the third quarter worth approximately $1,362,000. Finally, Vanguard Group Inc. raised its position in XBP Global by 6,119.5% during the third quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock valued at $1,529,000 after purchasing an additional 1,864,748 shares during the period. 15.72% of the stock is currently owned by institutional investors.

XBP Global Trading Up 6.5%

Shares of XBP opened at $5.74 on Friday. The company’s fifty day simple moving average is $7.48 and its 200-day simple moving average is $6.96. The company has a market cap of $67.45 million, a P/E ratio of -2.61 and a beta of -0.39. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 2.71. XBP Global Holdings, Inc. has a twelve month low of $4.11 and a twelve month high of $25.60.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of XBP Global in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

About XBP Global

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. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business.