Key Points
- Goldentree Asset Management bought 80,000 QVCG shares at an average price of $14.35, investing $1.148 million and increasing its stake by 0.73% to 11,071,975 shares.
- The purchase follows several larger acquisitions in August and September, including 1.6 million shares for $26 million on September 8 and 720,000 shares for $11.84 million on September 3.
- QVCG opened at $14.14, near its 52-week low of $13.68 versus a high of $20.00; Wall Street Zen recently raised its rating to “hold.”
Old QVC Group, Inc. (NASDAQ:QVCG - Get Free Report) major shareholder Goldentree Asset Management Lp bought 80,000 shares of the stock in a transaction on Thursday, September 24th. The shares were bought at an average price of $14.35 per share, with a total value of $1,148,000.00. Following the acquisition, the insider owned 11,071,975 shares of the company's stock, valued at $158,882,841.25. This trade represents a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Goldentree Asset Management Lp also recently made the following trade(s):
- On Tuesday, September 8th, Goldentree Asset Management Lp acquired 1,600,000 shares of Old QVC Group stock. The shares were purchased at an average price of $16.25 per share, with a total value of $26,000,000.00.
- On Thursday, September 3rd, Goldentree Asset Management Lp bought 720,000 shares of Old QVC Group stock. The shares were purchased at an average cost of $16.45 per share, with a total value of $11,844,000.00.
- On Friday, August 28th, Goldentree Asset Management Lp acquired 915 shares of Old QVC Group stock. The shares were acquired at an average price of $15.98 per share, with a total value of $14,621.70.
- On Thursday, August 27th, Goldentree Asset Management Lp purchased 22,694 shares of Old QVC Group stock. The stock was acquired at an average cost of $15.79 per share, with a total value of $358,338.26.
- On Wednesday, August 26th, Goldentree Asset Management Lp bought 412 shares of Old QVC Group stock. The stock was bought at an average price of $15.29 per share, with a total value of $6,299.48.
- On Tuesday, August 25th, Goldentree Asset Management Lp acquired 2,039 shares of Old QVC Group stock. The shares were bought at an average cost of $15.23 per share, for a total transaction of $31,053.97.
- On Monday, August 24th, Goldentree Asset Management Lp acquired 2,690 shares of Old QVC Group stock. The stock was purchased at an average cost of $15.23 per share, for a total transaction of $40,968.70.
- On Friday, August 21st, Goldentree Asset Management Lp bought 200 shares of Old QVC Group stock. The stock was purchased at an average price of $15.24 per share, for a total transaction of $3,048.00.
- On Thursday, August 20th, Goldentree Asset Management Lp purchased 300 shares of Old QVC Group stock. The shares were acquired at an average cost of $15.25 per share, with a total value of $4,575.00.
- On Wednesday, August 19th, Goldentree Asset Management Lp acquired 13,980 shares of Old QVC Group stock. The shares were acquired at an average price of $15.21 per share, with a total value of $212,635.80.
Old QVC Group Stock Performance
Shares of QVCG opened at $14.14 on Tuesday. Old QVC Group, Inc. has a fifty-two week low of $13.68 and a fifty-two week high of $20.00.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Old QVC Group to a "hold" rating in a report on Saturday, September 19th.
Get Our Latest Stock Report on Old QVC Group
Old QVC Group Company Profile
(
Get Free Report)
Old QVC Group is a multimedia retail company focused on selling consumer products through television shopping networks, e-commerce platforms and other digital channels. Its principal brands include QVC and HSN, which offer merchandise such as apparel, beauty products, home goods, electronics, jewelry and lifestyle products.
The company uses televised programming, websites, mobile applications, streaming video and social media to present products, provide demonstrations and engage customers.
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