NYSE:GBTGHospitality
Global Business Travel Group (GBTG): Reassessing Valuation After Ares’ Stake Increase and Mixed Earnings Results
Ares Management just boosted its stake in Global Business Travel Group (GBTG) by nearly 22%, right after the company beat revenue expectations but missed on earnings, a mix that is giving investors plenty to unpack.
See our latest analysis for Global Business Travel Group.
That backdrop helps explain why the latest share price of $8.06 comes after a 1 month share price return of 12.26%, even as the year to date share price return is still negative and the 3 year total shareholder return of...