Old QVC Group (NASDAQ:QVCG) Major Shareholder Purchases $16,697,200.00 in Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Goldentree Asset Management Lp bought 1,352,000 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The shares were bought at an average price of $12.35 per share, for a total transaction of $16,697,200.00. Following the completion of the acquisition, the insider owned 12,679,754 shares in the company, valued at approximately $156,594,961.90. This trade represents a 11.94% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Friday, October 2nd, Goldentree Asset Management Lp purchased 250,000 shares of Old QVC Group stock. The stock was acquired 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 purchased 2,907 shares of Old QVC Group stock. The stock was acquired 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 purchased 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 purchased 1,600,000 shares of Old QVC Group stock. The stock was purchased at an average price of $16.25 per share, for a total transaction 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 price 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 purchased at an average cost of $15.98 per share, for a total transaction of $14,621.70.
• On Thursday, August 27th, Goldentree Asset Management Lp acquired 22,694 shares of Old QVC Group stock. The stock was purchased at an average price 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 acquired 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 bought 2,039 shares of Old QVC Group stock. The shares were bought at an average cost of $15.23 per share, with a total value of $31,053.97.

Old QVC Group Trading Down 4.8%

QVCG stock opened at $9.28 on Friday. Old QVC Group, Inc. has a 52-week low of $9.09 and a 52-week high of $20.00. The company’s 50 day moving average price is $14.87.

Analyst Ratings Changes

Separately, Wall Street Zen raised Old QVC Group to a “hold” rating in a research note 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.