StockNews.com Initiates Coverage on Qurate Retail (NASDAQ:QRTEA)

Analysts at StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report released on Friday. The firm set a “hold” rating on the stock.

Qurate Retail Trading Down 7.4 %

NASDAQ:QRTEA opened at $0.37 on Friday. The company has a market capitalization of $147.94 million, a P/E ratio of -0.52 and a beta of 2.68. The stock’s 50 day moving average price is $0.40 and its 200 day moving average price is $0.54. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. Qurate Retail has a 52 week low of $0.31 and a 52 week high of $1.80.

Institutional Investors Weigh In On Qurate Retail

Large investors have recently added to or reduced their stakes in the stock. DoubleLine ETF Adviser LP increased its stake in Qurate Retail by 97.3% during the second quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock valued at $25,000 after acquiring an additional 19,265 shares during the period. Empowered Funds LLC grew its holdings in shares of Qurate Retail by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock worth $311,000 after purchasing an additional 25,862 shares in the last quarter. Virtu Financial LLC increased its position in shares of Qurate Retail by 76.6% during the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after purchasing an additional 39,807 shares during the period. Summit Trail Advisors LLC raised its stake in shares of Qurate Retail by 18.2% in the second quarter. Summit Trail Advisors LLC now owns 260,000 shares of the company’s stock valued at $164,000 after purchasing an additional 40,000 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Qurate Retail by 100.9% in the second quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock worth $66,000 after purchasing an additional 52,706 shares during the period. Institutional investors own 64.10% of the company’s stock.

About Qurate Retail

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.