Qurate Retail (NASDAQ:QRTEA) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note issued on Friday. The firm set a “hold” rating on the stock.

Qurate Retail Price Performance

QRTEA stock opened at $0.43 on Friday. The firm has a 50 day moving average of $0.55 and a 200-day moving average of $0.64. The company has a market cap of $169.84 million, a price-to-earnings ratio of -0.60 and a beta of 2.68. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 8.74. Qurate Retail has a 12-month low of $0.42 and a 12-month high of $1.80.

Insider Buying and Selling at Qurate Retail

In related news, insider Renee L. Wilm sold 75,789 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which is accessible through the SEC website. 11.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of Qurate Retail by 867.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock worth $2,245,000 after buying an additional 3,195,694 shares during the period. Privium Fund Management UK Ltd acquired a new position in shares of Qurate Retail in the 2nd quarter valued at about $752,000. Acadian Asset Management LLC grew its holdings in shares of Qurate Retail by 28.7% during the 1st quarter. Acadian Asset Management LLC now owns 5,950,168 shares of the company’s stock worth $7,316,000 after purchasing an additional 1,327,990 shares during the period. BNP Paribas Financial Markets increased its position in Qurate Retail by 3,892.6% during the 1st quarter. BNP Paribas Financial Markets now owns 204,543 shares of the company’s stock worth $252,000 after purchasing an additional 199,420 shares in the last quarter. Finally, Gabelli Funds LLC increased its position in Qurate Retail by 12.3% during the 1st quarter. Gabelli Funds LLC now owns 530,000 shares of the company’s stock worth $652,000 after purchasing an additional 58,000 shares in the last quarter. Institutional investors and hedge funds 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.