CastleKnight Management LP Sells 700,000 Shares of QVC Group Inc Series A (NASDAQ:QVCGA)

CastleKnight Management LP reduced its holdings in shares of QVC Group Inc Series A (NASDAQ:QVCGA) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,263,278 shares of the company’s stock after selling 700,000 shares during the period. CastleKnight Management LP’s holdings in QVC Group Inc Series A were worth $1,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of QVCGA. Parkwoods Wealth Partners LLC raised its holdings in shares of QVC Group Inc Series A by 70.7% during the fourth quarter. Parkwoods Wealth Partners LLC now owns 90,480 shares of the company’s stock worth $30,000 after purchasing an additional 37,488 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of QVC Group Inc Series A in the fourth quarter valued at about $34,000. Two Sigma Securities LLC raised its position in shares of QVC Group Inc Series A by 40.7% during the 4th quarter. Two Sigma Securities LLC now owns 166,473 shares of the company’s stock worth $55,000 after purchasing an additional 48,134 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of QVC Group Inc Series A by 76.6% in the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after acquiring an additional 39,807 shares during the last quarter. Finally, Barclays PLC acquired a new stake in QVC Group Inc Series A in the 4th quarter valued at about $63,000. 64.10% of the stock is currently owned by institutional investors and hedge funds.

QVC Group Inc Series A Price Performance

Shares of NASDAQ QVCGA opened at $0.17 on Tuesday. QVC Group Inc Series A has a twelve month low of $0.13 and a twelve month high of $1.01. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. The stock has a 50 day moving average of $0.28 and a two-hundred day moving average of $0.41. The stock has a market cap of $67.00 million, a P/E ratio of -0.24 and a beta of 3.15.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on QVC Group Inc Series A in a research report on Tuesday, April 8th. They set a “hold” rating for the company.

About QVC Group Inc Series A

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.