QVC Group (NASDAQ:QVCGA) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of QVC Group Inc. (NASDAQ:QVCGA) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.92 and traded as high as $11.20. QVC Group shares last traded at $10.83, with a volume of 195,353 shares.

Wall Street Analysts Forecast Growth

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

QVC Group Stock Performance

The company has a market cap of $87.40 million, a P/E ratio of -0.02 and a beta of 2.96. The firm has a 50 day moving average price of $4.91 and a 200-day moving average price of $7.92.

QVC Group (NASDAQ:QVCGA) last released its quarterly 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%.

Institutional Trading of QVC Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Saba Capital Management L.P. grew its holdings in QVC Group by 66.0% in 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 buying an additional 4,523,392 shares during the last quarter. Two Sigma Advisers LP grew its holdings 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 buying an additional 81,500 shares during the last quarter. Jane Street Group LLC grew its holdings in QVC Group 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 buying an additional 462,144 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in QVC Group in the 1st quarter valued at approximately $48,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in QVC Group by 14.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 235,024 shares of the company’s stock valued at $78,000 after buying an additional 30,352 shares during the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

About QVC Group

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.