Simplify Asset Management Inc. Buys Shares of 350,000 Qurate Retail, Inc. (NASDAQ:QRTEA)

Simplify Asset Management Inc. purchased a new stake in Qurate Retail, Inc. (NASDAQ:QRTEA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 350,000 shares of the company’s stock, valued at approximately $220,000. Simplify Asset Management Inc. owned 0.09% of Qurate Retail as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Qurate Retail by 37.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,986,921 shares of the company’s stock valued at $13,121,000 after purchasing an additional 4,119,957 shares during the last quarter. Privium Fund Management UK Ltd purchased a new position in shares of Qurate Retail during the 2nd quarter worth approximately $752,000. Acadian Asset Management LLC raised its holdings in shares of Qurate Retail by 28.7% in the first quarter. Acadian Asset Management LLC now owns 5,950,168 shares of the company’s stock worth $7,316,000 after acquiring an additional 1,327,990 shares during the last quarter. Brigade Capital Management LP lifted its holdings in Qurate Retail by 249.4% in the 4th quarter. Brigade Capital Management LP now owns 2,917,578 shares of the company’s stock valued at $2,554,000 after purchasing an additional 2,082,561 shares in the last quarter. Finally, Norden Group LLC lifted its stake in shares of Qurate Retail by 2,346.2% during the first quarter. Norden Group LLC now owns 367,978 shares of the company’s stock valued at $453,000 after buying an additional 352,935 shares during the period. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Renee L. Wilm sold 75,789 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $0.97, for a total transaction of $73,515.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.80% of the stock is owned by corporate insiders.

Qurate Retail Stock Up 9.8 %

QRTEA opened at $0.62 on Friday. The stock has a market cap of $241.67 million, a P/E ratio of -1.47 and a beta of 2.67. The company has a debt-to-equity ratio of 10.65, a current ratio of 1.34 and a quick ratio of 0.90. Qurate Retail, Inc. has a 12 month low of $0.40 and a 12 month high of $1.80. The stock’s 50 day moving average price is $0.64 and its 200 day moving average price is $0.81.

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

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Qurate Retail in a report on Tuesday. They set a “hold” rating for the company.

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.