Point72 Asset Management L.P. Takes $378,000 Position in Qurate Retail, Inc. (NASDAQ:QRTEA)

Point72 Asset Management L.P. purchased a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 600,000 shares of the company’s stock, valued at approximately $378,000.

Other hedge funds also recently added to or reduced their stakes in the company. Walleye Trading LLC purchased a new stake in Qurate Retail in the 1st quarter valued at about $31,000. Headlands Technologies LLC bought a new position in Qurate Retail in the first quarter worth approximately $33,000. Norden Group LLC increased its holdings in Qurate Retail by 88.2% during the 1st quarter. Norden Group LLC now owns 28,306 shares of the company’s stock worth $35,000 after purchasing an additional 13,263 shares during the period. Citizens Financial Group Inc. RI bought a new stake in Qurate Retail during the 1st quarter valued at $43,000. Finally, DoubleLine ETF Adviser LP grew its position in shares of Qurate Retail by 97.3% during the 2nd quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after buying an additional 19,265 shares in the last quarter. 64.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Qurate Retail in a research report on Tuesday, September 17th. They issued a “hold” rating for the company.

Insider Activity at Qurate Retail

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

Qurate Retail Stock Up 15.3 %

NASDAQ:QRTEA opened at $0.68 on Friday. The company’s 50-day simple moving average is $0.60 and its 200-day simple moving average is $0.75. The company has a debt-to-equity ratio of 10.65, a quick ratio of 0.90 and a current ratio of 1.34. Qurate Retail, Inc. has a fifty-two week low of $0.40 and a fifty-two week high of $1.80. The stock has a market capitalization of $266.90 million, a P/E ratio of -1.62 and a beta of 2.67.

Qurate Retail (NASDAQ:QRTEA) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.05 EPS for the quarter. Qurate Retail had a positive return on equity of 33.57% and a negative net margin of 2.44%. The company had revenue of $2.41 billion during the quarter.

Qurate Retail 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.