Old QVC Group (NASDAQ:QVCG) Major Shareholder Goldentree Asset Management Lp Purchases 80,000 Shares of Company Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Goldentree Asset Management Lp purchased 80,000 shares of Old QVC Group stock in a transaction dated Thursday, September 24th. The shares were purchased at an average cost of $14.35 per share, for a total transaction of $1,148,000.00. Following the transaction, the insider owned 11,071,975 shares in the company, valued at approximately $158,882,841.25. This trade represents a 0.73% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 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 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, 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 stock was acquired at an average price 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 stock was 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 acquired 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 acquired 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 acquired 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 acquired 200 shares of Old QVC Group stock. The shares were acquired at an average cost of $15.24 per share, with a total value of $3,048.00.
• On Thursday, August 20th, Goldentree Asset Management Lp acquired 300 shares of Old QVC Group stock. The stock was bought at an average price 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 stock was bought at an average cost of $15.21 per share, for a total transaction of $212,635.80.

Old QVC Group Stock Down 0.5%

QVCG stock traded down $0.07 during mid-day trading on Monday, hitting $14.14. 177,673 shares of the company were exchanged, compared to its average volume of 355,646. Old QVC Group, Inc. has a 12-month low of $13.68 and a 12-month high of $20.00.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded 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.