Old QVC Group (NASDAQ:QVCG) Stock: Insider Goldentree Asset Management Lp Acquires 1,352,000 Shares

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 purchased at an average cost of $12.35 per share, with a total value of $16,697,200.00. Following the completion of the acquisition, the insider owned 12,679,754 shares in the company, valued at $156,594,961.90. This trade represents a 11.94% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock 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 bought 250,000 shares of Old QVC Group stock. The stock was purchased 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 bought 2,872 shares of Old QVC Group stock. The stock was purchased 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 bought 2,907 shares of Old QVC Group stock. The stock was purchased 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 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 shares were purchased at an average cost 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 purchased 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 purchased 915 shares of Old QVC Group stock. The shares were purchased at an average price of $15.98 per share, with a total value 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 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 acquired 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.

Old QVC Group Stock Performance

Shares of Old QVC Group stock traded down $0.75 during trading on Wednesday, reaching $10.43. The company’s stock had a trading volume of 156,413 shares, compared to its average volume of 340,624. Old QVC Group, Inc. has a one year low of $10.20 and a one year high of $20.00. The stock has a fifty day moving average price of $15.13.

Analysts Set New Price Targets

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