Key Points
- Silver Point Capital sold 1.352 million QVCG shares at an average price of $12.35, generating approximately $16.7 million. The sale reduced its position by 21.46%, leaving it with 4.95 million shares valued at about $61.1 million.
- QVCG shares opened at $10.43, near the company’s 12-month low of $10.20 and well below its 12-month high of $20.00; the 50-day moving average was $15.13.
- Wall Street Zen recently upgraded Old QVC Group to a “hold” rating. The company operates the QVC and HSN multimedia retail brands across television, e-commerce and digital channels.
Old QVC Group, Inc. (NASDAQ:QVCG - Get Free Report) major shareholder Goldentree Asset Management Lp acquired 1,352,000 shares of the company's stock in a transaction dated Friday, October 9th. The shares were bought at an average cost of $12.35 per share, with a total value of $16,697,200.00. Following the purchase, the insider owned 12,679,754 shares in the company, valued at approximately $156,594,961.90. The trade was a 11.94% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Goldentree Asset Management Lp also recently made the following trade(s):
- On Friday, October 2nd, Goldentree Asset Management Lp acquired 250,000 shares of Old QVC Group stock. The shares were bought at an average price of $13.85 per share, for a total transaction of $3,462,500.00.
- On Thursday, October 1st, Goldentree Asset Management Lp acquired 2,872 shares of Old QVC Group stock. The shares were bought at an average price of $13.62 per share, for a total transaction of $39,116.64.
- On Wednesday, September 30th, Goldentree Asset Management Lp bought 2,907 shares of Old QVC Group stock. The stock was bought at an average cost of $13.61 per share, for a total transaction of $39,564.27.
- On Thursday, September 24th, Goldentree Asset Management Lp bought 80,000 shares of Old QVC Group stock. The stock was bought at an average cost of $14.35 per share, for a total transaction of $1,148,000.00.
- On Tuesday, September 8th, Goldentree Asset Management Lp bought 1,600,000 shares of Old QVC Group stock. The stock was bought at an average cost of $16.25 per share, for a total transaction 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, with a total value of $11,844,000.00.
- On Friday, August 28th, Goldentree Asset Management Lp purchased 915 shares of Old QVC Group stock. The shares were bought at an average cost 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 shares were bought 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 purchased 412 shares of Old QVC Group stock. The shares were bought at an average cost of $15.29 per share, for a total transaction 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 cost of $15.23 per share, for a total transaction of $31,053.97.
Old QVC Group Trading Down 6.7%
Shares of QVCG opened at $10.43 on Thursday. The company has a fifty day moving average of $15.13. Old QVC Group, Inc. has a fifty-two week low of $10.20 and a fifty-two week high of $20.00.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Old QVC Group to a "hold" rating in a report on Saturday, September 19th.
View Our Latest Stock Report on Old QVC Group
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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