QVC Group (NASDAQ:QVCGA) Stock Rating Lowered by Wall Street Zen

QVC Group (NASDAQ:QVCGA) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of QVC Group in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, QVC Group has a consensus rating of “Sell”.

QVC Group Trading Down 3.1%

QVC Group stock opened at $3.15 on Friday. The firm has a market capitalization of $25.42 million, a P/E ratio of -0.01 and a beta of 2.78. QVC Group has a twelve month low of $2.27 and a twelve month high of $15.98. The stock’s fifty day simple moving average is $7.66 and its 200-day simple moving average is $9.56.

Hedge Funds Weigh In On QVC Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in QVC Group by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 90,206 shares of the company’s stock valued at $944,000 after buying an additional 1,940 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of QVC Group during the 4th quarter worth about $43,000. Renaissance Technologies LLC increased its holdings in shares of QVC Group by 8.9% in the 4th quarter. Renaissance Technologies LLC now owns 54,831 shares of the company’s stock valued at $574,000 after acquiring an additional 4,500 shares during the last quarter. Simplify Asset Management Inc. raised its position in shares of QVC Group by 39.1% during the 4th quarter. Simplify Asset Management Inc. now owns 16,696 shares of the company’s stock worth $175,000 after acquiring an additional 4,696 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in QVC Group during the third quarter worth approximately $116,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

About QVC Group

QVC Group (NASDAQ:QVCGA) is a global omnichannel retailer specializing in video- and live-based shopping experiences across television, digital and mobile platforms. Founded in 1986 and headquartered in West Chester, Pennsylvania, the company offers an extensive range of products including fashion and accessories, beauty and personal care, home and garden goods, electronics and jewelry. QVC Group blends curated programming with on-demand ecommerce to engage customers through interactive demonstrations and storytelling.

The company operates through multiple segments, notably QVC U.S.