QVC Group (NASDAQ:QVCGA) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of QVC Group Inc. (NASDAQ:QVCGA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.23 and traded as high as $11.30. QVC Group shares last traded at $8.15, with a volume of 724,772 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded QVC Group to a “sell” rating in a report on Saturday, May 24th.

QVC Group Stock Performance

The company has a 50 day moving average of $4.08 and a 200 day moving average of $8.23. The stock has a market capitalization of $65.77 million, a price-to-earnings ratio of -0.02 and a beta of 2.96.

QVC Group (NASDAQ:QVCGA) last issued its earnings results on Thursday, August 7th. The company reported $21.39 earnings per share (EPS) for the quarter. The company had revenue of $2.24 billion during the quarter. QVC Group had a negative return on equity of 1,390.16% and a negative net margin of 37.71%.

Hedge Funds Weigh In On QVC Group

A number of hedge funds have recently modified their holdings of QVCGA. Saba Capital Management L.P. boosted its holdings in QVC Group by 66.0% during the 4th 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 during the period. Two Sigma Advisers LP raised its position in QVC Group by 1.3% in the 4th quarter. Two Sigma Advisers LP now owns 6,342,761 shares of the company’s stock valued at $2,093,000 after purchasing an additional 81,500 shares in the last quarter. Jane Street Group LLC raised its position in shares of QVC Group by 105.1% during the 4th quarter. Jane Street Group LLC now owns 901,734 shares of the company’s stock worth $298,000 after acquiring an additional 462,144 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of QVC Group during the 1st quarter worth about $48,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of QVC Group by 14.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 235,024 shares of the company’s stock worth $78,000 after acquiring an additional 30,352 shares in the last quarter. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

QVC Group 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.