Qurate Retail (NASDAQ:QRTEA) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note issued to investors on Monday morning. The brokerage issued a hold rating on the stock.

Qurate Retail Trading Down 1.7 %

Shares of QRTEA opened at $0.37 on Monday. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The firm has a market capitalization of $145.36 million, a price-to-earnings ratio of -0.52 and a beta of 2.69. The company has a 50-day moving average of $0.36 and a 200 day moving average of $0.50. Qurate Retail has a 1-year low of $0.31 and a 1-year high of $1.80.

Qurate Retail (NASDAQ:QRTEA) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter. Qurate Retail had a negative net margin of 2.71% and a positive return on equity of 23.22%. The firm had revenue of $2.34 billion during the quarter.

Institutional Trading of Qurate Retail

A number of hedge funds have recently bought and sold shares of QRTEA. Parkwoods Wealth Partners LLC increased its holdings in shares of Qurate Retail by 70.7% in the 4th quarter. Parkwoods Wealth Partners LLC now owns 90,480 shares of the company’s stock valued at $30,000 after acquiring an additional 37,488 shares during the period. Virtu Financial LLC boosted its position in 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 in the last quarter. Mackenzie Financial Corp grew its stake in Qurate Retail by 100.9% in the second quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock valued at $66,000 after purchasing an additional 52,706 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Qurate Retail by 246.4% in the third quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after purchasing an additional 114,736 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Qurate Retail during the third quarter valued at about $101,000. Hedge funds and other institutional investors own 64.10% of the company’s stock.

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.