Qurate Retail (NASDAQ:QRTEA) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research report issued on Saturday. The firm set a “hold” rating on the stock.

Qurate Retail Stock Up 8.6 %

QRTEA opened at $0.40 on Friday. Qurate Retail has a 52 week low of $0.35 and a 52 week high of $1.80. The business has a 50 day moving average price of $0.54 and a two-hundred day moving average price of $0.63. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The company has a market cap of $158.58 million, a PE ratio of -0.56 and a beta of 2.68.

Insider Transactions at Qurate Retail

In related news, insider Renee L. Wilm sold 75,789 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $0.97, for a total value of $73,515.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On Qurate Retail

A number of large investors have recently modified their holdings of QRTEA. Virtu Financial LLC boosted its position in shares of Qurate Retail by 76.6% during the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after purchasing an additional 39,807 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Qurate Retail by 4.6% during the third quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock worth $2,334,000 after buying an additional 168,109 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Qurate Retail during the third quarter worth about $101,000. Wittenberg Investment Management Inc. increased its holdings in Qurate Retail by 16.8% in the third quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock valued at $2,485,000 after buying an additional 587,027 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Qurate Retail by 33.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 945,470 shares of the company’s stock valued at $577,000 after acquiring an additional 237,140 shares during the period. 64.10% of the stock is owned by hedge funds and other institutional investors.

Qurate Retail Company Profile

Qurate Retail, Inc, together with its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women's, children's, and men's apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications.