Prudential Financial Inc. Buys Shares of 101,566 QVC Group Inc Series A (NASDAQ:QVCGA)

Prudential Financial Inc. purchased a new position in shares of QVC Group Inc Series A (NASDAQ:QVCGA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 101,566 shares of the company’s stock, valued at approximately $34,000.

Several other hedge funds also recently made changes to their positions in the business. Hestia Capital Management LLC bought a new stake in QVC Group Inc Series A during the fourth quarter worth about $713,000. Geode Capital Management LLC increased its position in shares of QVC Group Inc Series A by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock worth $2,334,000 after purchasing an additional 168,109 shares during the last quarter. MassMutual Private Wealth & Trust FSB bought a new stake in shares of QVC Group Inc Series A during the 4th quarter worth approximately $156,000. Virtu Financial LLC boosted its holdings in shares of QVC Group Inc Series A by 76.6% in the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after buying an additional 39,807 shares during the last quarter. Finally, Investment Management Associates Inc. ADV grew its stake in shares of QVC Group Inc Series A by 12.1% in the fourth quarter. Investment Management Associates Inc. ADV now owns 2,380,271 shares of the company’s stock valued at $785,000 after buying an additional 256,119 shares in the last quarter. 64.10% of the stock is owned by institutional investors.

QVC Group Inc Series A Stock Performance

Shares of NASDAQ:QVCGA opened at $0.15 on Friday. 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 debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. The company has a market capitalization of $61.58 million, a P/E ratio of -0.22 and a beta of 3.11. The company has a 50-day simple moving average of $0.35 and a 200 day simple moving average of $0.46.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of QVC Group Inc Series A in a research report on Tuesday. They set a “hold” rating on the stock.

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.