StockNews.com Begins Coverage on QVC Group Inc Series A (NASDAQ:QVCGA)

Equities research analysts at StockNews.com began coverage on shares of QVC Group Inc Series A (NASDAQ:QVCGA) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

QVC Group Inc Series A Stock Up 4.9 %

Shares of QVC Group Inc Series A stock opened at $0.16 on Tuesday. QVC Group Inc Series A has a 52-week low of $0.13 and a 52-week high of $1.06. The company has a 50 day moving average of $0.35 and a 200 day moving average of $0.46. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The company has a market capitalization of $64.45 million, a P/E ratio of -0.23 and a beta of 3.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of QVCGA. Contrarius Group Holdings Ltd acquired a new position in QVC Group Inc Series A in the 4th quarter valued at $11,596,000. Saba Capital Management L.P. boosted its holdings in shares of QVC Group Inc Series A by 66.0% in the fourth quarter. Saba Capital Management L.P. now owns 11,374,402 shares of the company’s stock valued at $3,754,000 after acquiring an additional 4,523,392 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of QVC Group Inc Series A by 1.3% during the fourth quarter. Two Sigma Advisers LP now owns 6,342,761 shares of the company’s stock worth $2,093,000 after acquiring an additional 81,500 shares during the period. Geode Capital Management LLC raised its holdings in QVC Group Inc Series A by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 3,867,536 shares of the company’s stock worth $1,277,000 after purchasing an additional 42,600 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in QVC Group Inc Series A by 1.9% in the fourth quarter. Renaissance Technologies LLC now owns 3,358,901 shares of the company’s stock valued at $1,108,000 after purchasing an additional 63,109 shares during the period. 64.10% of the stock is owned by hedge funds and other institutional investors.

QVC Group Inc Series A Company Profile

QVC Group, Inc engages in the business of video and online commerce industries. It operates through the following segments: QxH, QVC International and CBI. The QxH segment markets and sells a wide variety of consumer products in the U.S., primarily by means of its televised shopping programs and via the Internet through their websites and mobile applications.