Old QVC Group (NASDAQ:QVCG) Major Shareholder Buys $3,462,500.00 in Stock

Old QVC Group, Inc. (NASDAQ:QVCG – Get Free Report) major shareholder Goldentree Asset Management Lp bought 250,000 shares of the firm’s stock in a transaction dated Friday, October 2nd. The shares were acquired at an average price of $13.85 per share, with a total value of $3,462,500.00. Following the purchase, the insider directly owned 11,327,754 shares of the company’s stock, valued at approximately $156,889,392.90. This trade represents a 2.26% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 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 Thursday, October 1st, Goldentree Asset Management Lp purchased 2,872 shares of Old QVC Group stock. The stock was 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 acquired 2,907 shares of Old QVC Group stock. The shares were bought 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 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 shares were bought at an average price of $16.25 per share, with a total value 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 bought 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 acquired 915 shares of Old QVC Group stock. The stock was purchased at an average price 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, for a total transaction of $358,338.26.
  • On Wednesday, August 26th, Goldentree Asset Management Lp acquired 412 shares of Old QVC Group stock. The stock was 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 acquired 2,039 shares of Old QVC Group stock. The shares were purchased 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 purchased at an average price of $15.23 per share, with a total value of $40,968.70.

Old QVC Group Trading Down 3.9%

QVCG stock opened at $12.80 on Friday. Old QVC Group, Inc. has a one year low of $12.65 and a one year high of $20.00.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Old QVC Group to a “hold” rating in a research report on Saturday, September 19th.

View Our Latest Research Report on Old QVC Group

Old QVC Group Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Old QVC Group (NASDAQ:QVCG)

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