Old QVC Group (NASDAQ:QVCG) Major Shareholder Buys $1,148,000.00 in Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Goldentree Asset Management Lp acquired 80,000 shares of the firm’s stock in a transaction on Thursday, September 24th. The shares were bought at an average cost of $14.35 per share, for a total transaction of $1,148,000.00. Following the acquisition, the insider owned 11,071,975 shares in the company, valued at approximately $158,882,841.25. The trade was a 0.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large 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 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, 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 cost of $16.45 per share, with a total value 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 price 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 cost of $15.79 per share, for a total transaction of $358,338.26.
• On Wednesday, August 26th, Goldentree Asset Management Lp purchased 412 shares of Old QVC Group stock. The stock was 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 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 stock was bought at an average price of $15.23 per share, with a total value of $40,968.70.
• On Friday, August 21st, Goldentree Asset Management Lp acquired 200 shares of Old QVC Group stock. The shares were purchased at an average cost of $15.24 per share, for a total transaction of $3,048.00.
• On Thursday, August 20th, Goldentree Asset Management Lp acquired 300 shares of Old QVC Group stock. The shares were purchased at an average cost of $15.25 per share, for a total transaction of $4,575.00.
• On Wednesday, August 19th, Goldentree Asset Management Lp acquired 13,980 shares of Old QVC Group stock. The stock was purchased at an average price of $15.21 per share, for a total transaction of $212,635.80.

Old QVC Group Trading Down 3.8%

NASDAQ QVCG opened at $13.78 on Thursday. Old QVC Group, Inc. has a 52 week low of $13.27 and a 52 week 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.

Old QVC Group Company Profile

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.