Major shareholder Goldentree Asset Management bought 250,000 shares of QVC Group (NASDAQ: QVCG) on Friday, Oct. 2, at an average price of $13.85 — a $3,462,500 purchase disclosed in an SEC filing.
The buy lifted Goldentree’s holdings by 2.26% to 11.33 million shares, worth roughly $156.9 million. It continues a recent spree: the firm bought 1.6 million shares for $26 million on Sept. 8 and 720,000 shares for $11.84 million on Sept. 3.
QVC Group shares opened at $13.31, near a 12-month low. Holders of more than 10% of a company’s stock are required to disclose their purchases to the SEC.
This is a factual report of a disclosed insider filing, not investment advice.
