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

StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report issued on Friday morning. The firm issued a hold rating on the stock.

Qurate Retail Trading Down 6.5 %

NASDAQ QRTEA opened at $0.35 on Friday. Qurate Retail has a 12-month low of $0.31 and a 12-month high of $1.80. The company has a fifty day simple moving average of $0.40 and a two-hundred day simple moving average of $0.54. 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 market cap of $138.26 million, a P/E ratio of -0.49 and a beta of 2.68.

Institutional Trading of Qurate Retail

A number of hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Qurate Retail in the third quarter valued at approximately $262,000. Virtu Financial LLC increased its holdings in Qurate Retail by 76.6% in the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after acquiring an additional 39,807 shares in the last quarter. Geode Capital Management LLC increased its holdings in Qurate Retail by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock worth $2,334,000 after acquiring an additional 168,109 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Qurate Retail during the third quarter worth $101,000. Finally, Wittenberg Investment Management Inc. lifted its holdings in Qurate Retail by 16.8% during the third quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock valued at $2,485,000 after purchasing an additional 587,027 shares in the last quarter. 64.10% of the stock is owned by hedge funds and other institutional investors.

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.