Old QVC Group (NASDAQ:QVCG) Major Shareholder Goldentree Asset Management Lp Acquires 2,872 Shares of Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Goldentree Asset Management Lp purchased 2,872 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were acquired at an average cost of $13.62 per share, with a total value of $39,116.64. Following the completion of the transaction, the insider directly owned 11,077,754 shares of the company’s stock, valued at $150,879,009.48. The trade was a 0.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% 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 Wednesday, September 30th, Goldentree Asset Management Lp purchased 2,907 shares of Old QVC Group stock. The shares were acquired at an average price of $13.61 per share, for a total transaction of $39,564.27.
• On Thursday, September 24th, Goldentree Asset Management Lp acquired 80,000 shares of Old QVC Group stock. The stock was acquired 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 acquired 1,600,000 shares of Old QVC Group stock. The stock was acquired 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 bought 720,000 shares of Old QVC Group stock. The shares were acquired 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 acquired 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 bought 22,694 shares of Old QVC Group stock. The shares were acquired 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 purchased 412 shares of Old QVC Group stock. The stock was 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 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 shares were 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 bought at an average price of $15.24 per share, with a total value of $3,048.00.

Old QVC Group Stock Up 3.7%

QVCG stock traded up $0.52 during mid-day trading on Friday, hitting $14.46. The company had a trading volume of 481,130 shares, compared to its average volume of 344,122. Old QVC Group, Inc. has a 12 month low of $13.27 and a 12 month high of $20.00.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Old QVC Group to a “hold” rating in a report on Saturday, September 19th.

About Old QVC Group

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.