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

Research analysts at StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the stock.

Qurate Retail Stock Up 8.6 %

QRTEA stock opened at $0.40 on Friday. The business’s 50-day moving average price is $0.54 and its 200-day moving average price is $0.62. The stock has a market cap of $158.58 million, a P/E ratio of -0.56 and a beta of 2.68. Qurate Retail has a twelve month low of $0.35 and a twelve month high of $1.80. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74.

Insider Activity at Qurate Retail

In related news, insider Renee L. Wilm sold 75,789 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $0.97, for a total value of $73,515.33. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Qurate Retail

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DoubleLine ETF Adviser LP increased its position in shares of Qurate Retail by 97.3% during the 2nd quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock valued at $25,000 after purchasing an additional 19,265 shares during the last quarter. Walleye Trading LLC bought a new position in Qurate Retail during the first quarter valued at $31,000. Citizens Financial Group Inc. RI bought a new stake in shares of Qurate Retail in the 1st quarter worth about $43,000. Virtu Financial LLC boosted its stake in shares of Qurate Retail by 76.6% during the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after purchasing an additional 39,807 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in Qurate Retail by 100.9% during the 2nd 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. 64.10% of the stock is currently 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.