QVC Group (NASDAQ:QVCGA) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• The stock price of QVC Group Inc. has surpassed its 200-day moving average during trading, reaching a high of $11.30, despite closing at $8.15.
• Wall Street recently upgraded QVC Group to a "sell" rating, indicating a shift in analyst sentiment regarding the stock.
• Hedge funds have been active, with significant increases in holdings by several firms, including Saba Capital Management, which raised its stake by 66.0%.

Shares of QVC Group Inc. (NASDAQ:QVCGA - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.23 and traded as high as $11.30. QVC Group shares last traded at $8.15, with a volume of 724,772 shares.

Analyst Upgrades and Downgrades

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

QVC Group Trading Up 6.7%

The business has a 50-day moving average price of $4.35 and a 200 day moving average price of $8.08. The company has a market cap of $78.28 million, a price-to-earnings ratio of -0.02 and a beta of 2.94.

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

Institutional Investors Weigh In On QVC Group

Institutional investors have recently made changes to their positions in the stock. Barclays PLC purchased a new position in shares of QVC Group in the fourth quarter worth $63,000. Jane Street Group LLC raised its holdings in shares of QVC Group by 105.1% in the fourth quarter. Jane Street Group LLC now owns 901,734 shares of the company's stock valued at $298,000 after acquiring an additional 462,144 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in QVC Group by 14.8% during the 4th 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 last quarter. Saba Capital Management L.P. raised its stake in shares of QVC Group by 66.0% during 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. Finally, Two Sigma Advisers LP boosted 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 worth $2,093,000 after buying an additional 81,500 shares during the last quarter. Hedge funds and other institutional investors own 64.10% of the company's stock.

QVC Group 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.