Key Points
- Goldentree Asset Management purchased 250,000 Old QVC Group shares at an average price of $13.85, investing approximately $3.46 million. Its holdings rose 2.26% to 11.33 million shares, valued at about $156.9 million.
- The purchase continues Goldentree’s recent buying spree, which includes acquisitions of 1.6 million shares for $26 million on September 8 and 720,000 shares for $11.84 million on September 3.
- Old QVC Group shares opened at $13.31, down 5.4%, near their 12-month low of $13.25; Wall Street Zen separately upgraded the stock to a “hold” rating.
Old QVC Group, Inc. (NASDAQ:QVCG - Get Free Report) major shareholder Goldentree Asset Management Lp bought 250,000 shares of the firm's stock in a transaction dated Friday, October 2nd. The shares were acquired at an average price of $13.85 per share, for a total transaction of $3,462,500.00. Following the transaction, the insider directly owned 11,327,754 shares in the company, valued at approximately $156,889,392.90. This represents a 2.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 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 Thursday, October 1st, Goldentree Asset Management Lp purchased 2,872 shares of Old QVC Group stock. The stock was bought at an average cost of $13.62 per share, for a total transaction of $39,116.64.
- On Wednesday, September 30th, Goldentree Asset Management Lp purchased 2,907 shares of Old QVC Group stock. The stock was 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 shares were bought at an average price 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 shares were bought 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 acquired 720,000 shares of Old QVC Group stock. The shares were bought at an average cost 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 stock was bought at an average price of $15.98 per share, for a total transaction of $14,621.70.
- On Thursday, August 27th, Goldentree Asset Management Lp bought 22,694 shares of Old QVC Group stock. The stock was bought at an average price of $15.79 per share, for a total transaction of $358,338.26.
- On Wednesday, August 26th, Goldentree Asset Management Lp bought 412 shares of Old QVC Group stock. The shares were bought at an average cost 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 shares were bought at an average price of $15.23 per share, with a total value of $31,053.97.
- On Monday, August 24th, Goldentree Asset Management Lp purchased 2,690 shares of Old QVC Group stock. The stock was bought at an average cost of $15.23 per share, for a total transaction of $40,968.70.
Old QVC Group Stock Down 5.4%
Shares of Old QVC Group stock opened at $13.31 on Wednesday. Old QVC Group, Inc. has a twelve month low of $13.25 and a twelve month high of $20.00.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Old QVC Group to a "hold" rating in a research report on Saturday, September 19th.
View Our Latest Analysis 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.
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