Simplify Asset Management Inc. Invests $33,000 in QVC Group Inc. $QVCGA

Simplify Asset Management Inc. purchased a new position in shares of QVC Group Inc. (NASDAQ:QVCGA) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 12,000 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors also recently bought and sold shares of QVCGA. Goldman Sachs Group Inc. acquired a new position in shares of QVC Group during the first quarter valued at approximately $48,000. Dakota Wealth Management purchased a new stake in shares of QVC Group during the second quarter worth approximately $468,000. Investment Management Associates Inc. ADV purchased a new stake in shares of QVC Group during the second quarter worth approximately $135,000. Finally, Permit Capital LLC acquired a new position in QVC Group in the 2nd quarter valued at $412,000. 64.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on QVCGA shares. Wall Street Zen raised shares of QVC Group from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of QVC Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, QVC Group currently has an average rating of “Sell”.

QVC Group Trading Down 8.8%

Shares of QVCGA stock opened at $6.45 on Tuesday. QVC Group Inc. has a twelve month low of $2.27 and a twelve month high of $31.25. The company’s 50-day moving average price is $12.16 and its 200-day moving average price is $7.15. The stock has a market cap of $52.04 million, a price-to-earnings ratio of -0.01 and a beta of 3.04.

QVC Group (NASDAQ:QVCGA) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($9.89) earnings per share (EPS) for the quarter. The company had revenue of $2.21 billion for the quarter.

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.