Weiss Ratings Reiterates "Sell (D-)" Rating for QVC Group (NASDAQ:QVCGA)

Key Points

• Weiss Ratings has reiterated its "sell (D-)" rating for QVC Group (NASDAQ:QVCGA), indicating a negative outlook on the stock.
• QVC Group reported earnings of $21.39 EPS and revenue of $2.24 billion for the last quarter, reflecting its financial performance amidst ongoing rating concerns.
• Institutional investors hold 64.10% of QVC's stock, with recent acquisitions from multiple hedge funds signaling ongoing interest in the company despite its low stock performance.

QVC Group (NASDAQ:QVCGA - Get Free Report)'s stock had its "sell (d-)" rating reiterated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

QVC Group Price Performance

Shares of QVCGA opened at $14.66 on Wednesday. The company has a market capitalization of $118.31 million, a PE ratio of -0.03 and a beta of 3.03. QVC Group has a one year low of $2.27 and a one year high of $32.37. The company's fifty day moving average price is $8.90 and its 200 day moving average price is $7.29.

QVC Group (NASDAQ:QVCGA - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $21.39 EPS for the quarter. The firm had revenue of $2.24 billion during the quarter.

Institutional Trading of QVC Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dakota Wealth Management acquired a new stake in QVC Group in the 2nd quarter worth $468,000. Goldman Sachs Group Inc. acquired a new stake in QVC Group in the 1st quarter worth $48,000. Geode Capital Management LLC acquired a new stake in QVC Group in the 2nd quarter worth $199,000. Invesco Ltd. acquired a new stake in QVC Group in the 2nd quarter worth $47,000. Finally, Qube Research & Technologies Ltd acquired a new stake in QVC Group in the 2nd quarter worth $37,000. 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.

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