Qurate Retail, Inc. (NASDAQ:QRTEA) Stake Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in Qurate Retail, Inc. (NASDAQ:QRTEA) by 33.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 945,470 shares of the company’s stock after purchasing an additional 237,140 shares during the period. Thrivent Financial for Lutherans owned approximately 0.24% of Qurate Retail worth $577,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of QRTEA. Renaissance Technologies LLC increased its stake in shares of Qurate Retail by 867.1% in the second quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock worth $2,245,000 after acquiring an additional 3,195,694 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Qurate Retail by 25.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,664,932 shares of the company’s stock worth $1,016,000 after acquiring an additional 341,742 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Qurate Retail in the third quarter worth $714,000. Privium Fund Management UK Ltd acquired a new position in shares of Qurate Retail in the second quarter worth $752,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Qurate Retail in the second quarter worth $378,000. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Qurate Retail Trading Down 7.0 %

Qurate Retail stock opened at $0.39 on Thursday. 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 company has a market capitalization of $155.53 million, a price-to-earnings ratio of -0.55 and a beta of 2.63. Qurate Retail, Inc. has a one year low of $0.35 and a one year high of $1.80. The company’s fifty day moving average price is $0.52 and its two-hundred day moving average price is $0.61.

Insiders Place Their Bets

In other news, insider Renee L. Wilm sold 75,789 shares of the firm’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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 11.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Qurate Retail in a research report on Sunday. They set a “hold” rating on the stock.

Qurate Retail 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.