QVC Group (NASDAQ:QVCGA) Rating Lowered to “Sell” at Wall Street Zen

QVC Group (NASDAQ:QVCGA) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of QVC Group in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

QVC Group Trading Down 3.1%

Shares of QVCGA opened at $3.15 on Friday. The stock’s 50-day moving average price is $7.66 and its two-hundred day moving average price is $9.64. QVC Group has a 12 month low of $2.27 and a 12 month high of $15.98. The company has a market capitalization of $25.41 million, a PE ratio of -0.01 and a beta of 2.78.

Hedge Funds Weigh In On QVC Group

Several institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of QVC Group by 39.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 995,190 shares of the company’s stock worth $10,410,000 after buying an additional 281,301 shares in the last quarter. Permit Capital LLC increased its stake in shares of QVC Group by 141.2% in the 3rd quarter. Permit Capital LLC now owns 361,790 shares of the company’s stock valued at $4,881,000 after acquiring an additional 211,790 shares in the last quarter. Wittenberg Investment Management Inc. bought a new stake in shares of QVC Group in the 2nd quarter valued at $237,000. Geode Capital Management LLC acquired a new position in shares of QVC Group during the 2nd quarter valued at $199,000. Finally, Man Group plc acquired a new position in shares of QVC Group during the 3rd quarter valued at $945,000. 64.10% of the stock is owned by institutional investors and hedge funds.

About QVC Group

QVC Group (NASDAQ:QVCGA) is a global omnichannel retailer specializing in video- and live-based shopping experiences across television, digital and mobile platforms. Founded in 1986 and headquartered in West Chester, Pennsylvania, the company offers an extensive range of products including fashion and accessories, beauty and personal care, home and garden goods, electronics and jewelry. QVC Group blends curated programming with on-demand ecommerce to engage customers through interactive demonstrations and storytelling.

The company operates through multiple segments, notably QVC U.S.