QVC Group (NASDAQ:QVCGA) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• QVC Group's stock price has surpassed its two hundred day moving average, currently trading at $10.83, significantly above the average of $7.92.
• Institutional investors hold 64.10% of QVC Group's shares, with notable increases in holdings by Saba Capital Management, Jane Street Group, and Two Sigma Advisers.
• QVC Group reported a loss, with a negative EPS of -$21.39 for the last quarter, along with a revenue of $2.24 billion.

QVC Group Inc. (NASDAQ:QVCGA - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of QVC Group to a "sell" rating in a research note on Saturday, May 24th.

QVC Group Price Performance

The company's 50 day simple moving average is $5.50 and its 200 day simple moving average is $7.77. The stock has a market cap of $119.84 million, a P/E ratio of -0.03 and a beta of 2.96.

QVC Group (NASDAQ:QVCGA - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $21.39 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 business had revenue of $2.24 billion during the quarter.

Institutional Trading of QVC Group

Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC raised its stake in shares of 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 purchasing an additional 462,144 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of QVC Group by 14.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 235,024 shares of the company's stock valued at $78,000 after purchasing an additional 30,352 shares during the last quarter. Two Sigma Advisers LP increased its stake 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. Goldman Sachs Group Inc. acquired a new stake in QVC Group in the 1st quarter valued at $48,000. Finally, Dakota Wealth Management acquired a new stake in QVC Group in the 2nd quarter valued at $468,000. 64.10% of the stock is currently owned by institutional investors and hedge funds.

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.