Old QVC Group (NASDAQ:QVCG) Major Shareholder Goldentree Asset Management Lp Buys 1,600,000 Shares of Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Goldentree Asset Management Lp acquired 1,600,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was acquired at an average cost of $16.25 per share, with a total value of $26,000,000.00. Following the completion of the acquisition, the insider owned 10,991,951 shares in the company, valued at $178,619,203.75. This trade represents a 17.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Goldentree Asset Management Lp also recently made the following trade(s):

• On Thursday, September 3rd, Goldentree Asset Management Lp bought 720,000 shares of Old QVC Group stock. The shares were acquired 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 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 stock was 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 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 price 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 shares were bought 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 bought at an average price of $15.24 per share, with a total value of $3,048.00.
• On Thursday, August 20th, Goldentree Asset Management Lp bought 300 shares of Old QVC Group stock. The stock was bought at an average price of $15.25 per share, with a total value of $4,575.00.
• On Wednesday, August 19th, Goldentree Asset Management Lp bought 13,980 shares of Old QVC Group stock. The shares were bought at an average cost of $15.21 per share, with a total value of $212,635.80.
• On Tuesday, August 18th, Goldentree Asset Management Lp purchased 400 shares of Old QVC Group stock. The shares were bought at an average price of $15.25 per share, for a total transaction of $6,100.00.

Old QVC Group Price Performance

Shares of Old QVC Group stock traded down $0.10 on Thursday, reaching $16.76. The stock had a trading volume of 196,053 shares, compared to its average volume of 261,816. Old QVC Group, Inc. has a 1 year low of $14.60 and a 1 year high of $20.00.

Old QVC Group Company Profile

Old QVC Group (NASDAQ:QVCG) is a video and livestream commerce company whose operations center on QVC and HSN. The company combines television shopping, online retail, mobile applications and social commerce to offer products directly to consumers. Its merchandise generally includes apparel, beauty products, home goods, electronics, jewelry and other consumer products.

QVC Group traces its history to QVC, which was founded in 1986, and HSN, an earlier home-shopping network established in 1977.