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

Cantor Fitzgerald L. P. increased its holdings in XBP Global Holdings, Inc. (NASDAQ:XBP) by 9.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,636,853 shares of the company’s stock after purchasing an additional 572,449 shares during the period. Cantor Fitzgerald L. P. owned 5.65% of XBP Global worth $5,356,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat, XBP Global currently has an average rating of “Sell”.

XBP Global Stock Up 6.5%

Shares of XBP opened at $5.74 on Friday. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.73 and a quick ratio of 0.70. The stock has a market capitalization of $67.45 million, a price-to-earnings ratio of -2.61 and a beta of -0.39. XBP Global Holdings, Inc. has a 1 year low of $4.11 and a 1 year high of $25.60. The business’s 50 day simple moving average is $7.48 and its 200-day simple moving average is $6.96.

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.