170,348 Shares in QVC Group Inc. $QVCGA Acquired by Dakota Wealth Management

Key Points

• Dakota Wealth Management acquired 170,348 shares of QVC Group Inc. (${QVCGA}), valued at approximately $468,000, representing a 2.11% ownership in the company.
• QVC Group's stock has seen a significant increase, up 7.7%, with a current trading price of $13.77 and a market cap of $111.12 million.
• The company reported a revenue of $2.24 billion for the last quarter, but has a negative net margin of 37.71% and a significantly high negative return on equity of 1,390.16%.

Dakota Wealth Management acquired a new position in QVC Group Inc. (NASDAQ:QVCGA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 170,348 shares of the company's stock, valued at approximately $468,000. Dakota Wealth Management owned 2.11% of QVC Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in QVCGA. Goldman Sachs Group Inc. purchased a new position in QVC Group in the first quarter worth approximately $48,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of QVC Group by 14.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 235,024 shares of the company's stock worth $78,000 after buying an additional 30,352 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of QVC Group by 105.1% during the fourth quarter. Jane Street Group LLC now owns 901,734 shares of the company's stock worth $298,000 after buying an additional 462,144 shares during the period. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

QVC Group Stock Up 7.7%

QVCGA opened at $13.77 on Monday. QVC Group Inc. has a 52 week low of $2.27 and a 52 week high of $34.98. The business has a fifty day simple moving average of $7.21 and a 200-day simple moving average of $7.51. The firm has a market cap of $111.12 million, a P/E ratio of -0.03 and a beta of 2.94.

QVC Group (NASDAQ:QVCGA - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $21.39 EPS for the quarter. QVC Group had a negative return on equity of 1,390.16% and a negative net margin of 37.71%.The business had revenue of $2.24 billion during the quarter.

QVC Group 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.

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