Key Points
- Goldentree Asset Management purchased 2,872 Old QVC Group shares at an average price of $13.62, investing $39,116.64. Its stake rose 0.03% to 11,077,754 shares, valued at approximately $150.9 million.
- The purchase continues a series of acquisitions, including 1.6 million shares bought for $26 million on September 8 and 720,000 shares purchased for $11.8 million on September 3.
- QVCG opened at $14.46, up 3.7%, with a 52-week range of $13.27 to $20.00. Wall Street Zen recently upgraded the stock to a “hold” rating.
Old QVC Group, Inc. (NASDAQ:QVCG - Get Free Report) major shareholder Goldentree Asset Management Lp purchased 2,872 shares of the business's stock in a transaction on Thursday, October 1st. The shares were bought at an average price of $13.62 per share, with a total value of $39,116.64. Following the purchase, the insider directly owned 11,077,754 shares in the company, valued at approximately $150,879,009.48. The trade was a 0.03% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Goldentree Asset Management Lp also recently made the following trade(s):
- On Wednesday, September 30th, Goldentree Asset Management Lp acquired 2,907 shares of Old QVC Group stock. The shares were bought at an average cost of $13.61 per share, with a total value of $39,564.27.
- On Thursday, September 24th, Goldentree Asset Management Lp acquired 80,000 shares of Old QVC Group stock. The stock was bought at an average cost of $14.35 per share, with a total value of $1,148,000.00.
- On Tuesday, September 8th, Goldentree Asset Management Lp acquired 1,600,000 shares of Old QVC Group stock. The stock was bought at an average cost 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 stock was bought at an average price of $16.45 per share, for a total transaction of $11,844,000.00.
- On Friday, August 28th, Goldentree Asset Management Lp bought 915 shares of Old QVC Group stock. The shares were bought at an average cost of $15.98 per share, for a total transaction of $14,621.70.
- On Thursday, August 27th, Goldentree Asset Management Lp purchased 22,694 shares of Old QVC Group stock. The shares were bought at an average price of $15.79 per share, with a total value of $358,338.26.
- On Wednesday, August 26th, Goldentree Asset Management Lp purchased 412 shares of Old QVC Group stock. The shares were 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 purchased 2,039 shares of Old QVC Group stock. The stock was bought at an average cost of $15.23 per share, with a total value of $31,053.97.
- On Monday, August 24th, Goldentree Asset Management Lp acquired 2,690 shares of Old QVC Group stock. The shares were bought at an average price of $15.23 per share, for a total transaction of $40,968.70.
- On Friday, August 21st, Goldentree Asset Management Lp acquired 200 shares of Old QVC Group stock. The shares were bought at an average price of $15.24 per share, for a total transaction of $3,048.00.
Old QVC Group Stock Up 3.7%
QVCG opened at $14.46 on Friday. Old QVC Group, Inc. has a 1 year low of $13.27 and a 1 year high of $20.00.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Old QVC Group to a "hold" rating in a report on Saturday, September 19th.
Check Out Our Latest Stock Report on QVCG
About Old QVC Group
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
