StockNews.com Initiates Coverage on QVC Group Inc Series A (NASDAQ:QVCGA)

StockNews.com started coverage on shares of QVC Group Inc Series A (NASDAQ:QVCGA) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

QVC Group Inc Series A Price Performance

QVCGA traded down $0.00 during trading on Tuesday, reaching $0.15. 1,310,940 shares of the company traded hands, compared to its average volume of 3,301,429. 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 company has a market cap of $59.67 million, a P/E ratio of -0.21 and a beta of 3.11. The firm has a fifty day simple moving average of $0.36 and a 200 day simple moving average of $0.47. QVC Group Inc Series A has a 12-month low of $0.13 and a 12-month high of $1.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Parkwoods Wealth Partners LLC lifted its holdings in shares of QVC Group Inc Series A by 70.7% in the 4th quarter. Parkwoods Wealth Partners LLC now owns 90,480 shares of the company’s stock valued at $30,000 after acquiring an additional 37,488 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of QVC Group Inc Series A during the 4th quarter valued at approximately $34,000. Two Sigma Securities LLC lifted its position in QVC Group Inc Series A by 40.7% in the fourth quarter. Two Sigma Securities LLC now owns 166,473 shares of the company’s stock worth $55,000 after buying an additional 48,134 shares during the last quarter. Virtu Financial LLC boosted its stake in QVC Group Inc Series A by 76.6% during the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after buying an additional 39,807 shares during the period. Finally, Barclays PLC purchased a new stake in shares of QVC Group Inc Series A in the fourth quarter valued at $63,000. 64.10% of the stock is owned by hedge funds and other institutional investors.

About QVC Group Inc Series A

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.