Old QVC Group (NASDAQ:QVCG) Major Shareholder Goldentree Asset Management Lp Acquires 1,352,000 Shares of Company Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Goldentree Asset Management Lp acquired 1,352,000 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were bought at an average cost of $12.35 per share, for a total transaction of $16,697,200.00. Following the purchase, the insider owned 12,679,754 shares of the company’s stock, valued at approximately $156,594,961.90. The trade was a 11.94% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 acquired 250,000 shares of Old QVC Group stock. The shares were bought at an average price of $13.85 per share, with a total value of $3,462,500.00.
• On Thursday, October 1st, Goldentree Asset Management Lp bought 2,872 shares of Old QVC Group stock. The stock was purchased at an average cost of $13.62 per share, with a total value of $39,116.64.
• On Wednesday, September 30th, Goldentree Asset Management Lp bought 2,907 shares of Old QVC Group stock. The stock was purchased 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 bought 80,000 shares of Old QVC Group stock. The stock was purchased at an average price of $14.35 per share, for a total transaction of $1,148,000.00.
• On Tuesday, September 8th, Goldentree Asset Management Lp bought 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 purchased 720,000 shares of Old QVC Group stock. The shares were purchased 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 purchased 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 purchased 22,694 shares of Old QVC Group stock. The shares were 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 shares were purchased 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 stock was purchased at an average cost of $15.23 per share, with a total value of $31,053.97.

Old QVC Group Stock Down 6.7%

NASDAQ:QVCG opened at $10.43 on Thursday. The firm has a 50 day moving average price of $15.13. Old QVC Group, Inc. has a 1-year low of $10.20 and a 1-year 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 research note 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.