Wall Street Zen Upgrades QVC Group Inc Series A (NASDAQ:QVCGA) to Sell

QVC Group Inc Series A (NASDAQ:QVCGA) was upgraded by stock analysts at Wall Street Zen to a “sell” rating in a report issued on Saturday.

QVC Group Inc Series A Stock Performance

Shares of QVCGA stock opened at $3.99 on Friday. 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 stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -5.62 and a beta of 3.15. QVC Group Inc Series A has a one year low of $3.77 and a one year high of $39.74. The company’s 50-day simple moving average is $10.69 and its 200-day simple moving average is $18.37.

QVC Group Inc Series A (NASDAQ:QVCGA) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($5.50) earnings per share (EPS) for the quarter. QVC Group Inc Series A had a negative net margin of 2.71% and a positive return on equity of 23.22%. The firm had revenue of $2.11 billion for the quarter.

Institutional Investors Weigh In On QVC Group Inc Series A

Institutional investors and hedge funds have recently bought and sold shares of the business. Contrarius Group Holdings Ltd bought a new stake in QVC Group Inc Series A in the fourth quarter valued at $11,596,000. Saba Capital Management L.P. increased its holdings in shares of QVC Group Inc Series A by 66.0% in the 4th quarter. Saba Capital Management L.P. now owns 11,374,402 shares of the company’s stock worth $3,754,000 after acquiring an additional 4,523,392 shares during the period. Hestia Capital Management LLC acquired a new stake in shares of QVC Group Inc Series A in the 4th quarter worth about $713,000. Jane Street Group LLC lifted its position in QVC Group Inc Series A by 105.1% in the 4th quarter. Jane Street Group LLC now owns 901,734 shares of the company’s stock valued at $298,000 after purchasing an additional 462,144 shares during the last quarter. Finally, Investment Management Associates Inc. ADV lifted its position in QVC Group Inc Series A by 12.1% in the 4th quarter. Investment Management Associates Inc. ADV now owns 2,380,271 shares of the company’s stock valued at $785,000 after purchasing an additional 256,119 shares during the last quarter. Institutional investors and hedge funds own 64.10% of the company’s 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.