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

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

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of QVC Group in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

QVC Group Price Performance

QVCGA opened at $4.11 on Friday. QVC Group has a 1-year low of $2.27 and a 1-year high of $31.25. The stock has a market cap of $33.17 million, a P/E ratio of -0.01 and a beta of 2.67. The stock’s 50 day simple moving average is $10.04 and its 200 day simple moving average is $9.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QVCGA. Geode Capital Management LLC grew its holdings in shares of QVC Group by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 90,206 shares of the company’s stock worth $944,000 after buying an additional 1,940 shares in the last quarter. Renaissance Technologies LLC boosted its position in QVC Group by 8.9% during the fourth quarter. Renaissance Technologies LLC now owns 54,831 shares of the company’s stock worth $574,000 after acquiring an additional 4,500 shares during the last quarter. Simplify Asset Management Inc. boosted its position in QVC Group by 39.1% during the fourth quarter. Simplify Asset Management Inc. now owns 16,696 shares of the company’s stock worth $175,000 after acquiring an additional 4,696 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in QVC Group in the 3rd quarter worth approximately $116,000. Finally, Bridgeway Capital Management LLC acquired a new position in QVC Group in the 2nd quarter valued at $30,000. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

QVC Group Company Profile

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.