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

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Goldentree Asset Management Lp bought 1,600,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average cost of $16.25 per share, for a total transaction of $26,000,000.00. Following the transaction, the insider owned 10,991,951 shares of the company’s stock, valued at $178,619,203.75. The trade was a 17.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major 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 Thursday, September 3rd, Goldentree Asset Management Lp purchased 720,000 shares of Old QVC Group stock. The shares were purchased 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 acquired 915 shares of Old QVC Group stock. The stock was purchased 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 acquired 22,694 shares of Old QVC Group stock. The stock was purchased 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 bought 412 shares of Old QVC Group stock. The shares were purchased 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 bought 2,039 shares of Old QVC Group stock. The stock was acquired 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 purchased 2,690 shares of Old QVC Group stock. The shares were acquired at an average cost of $15.23 per share, with a total value of $40,968.70.
• On Friday, August 21st, Goldentree Asset Management Lp purchased 200 shares of Old QVC Group stock. The shares were acquired at an average price 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 stock was acquired 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 bought 13,980 shares of Old QVC Group stock. The shares were acquired 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 bought 400 shares of Old QVC Group stock. The shares were acquired at an average price of $15.25 per share, for a total transaction of $6,100.00.

Old QVC Group Stock Performance

QVCG traded down $0.10 during trading on Thursday, hitting $16.76. 196,053 shares of the company traded hands, compared to its average volume of 261,816. Old QVC Group, Inc. has a one year low of $14.60 and a one 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.