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

Equities researchers at StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note issued to investors on Monday. The firm set a “hold” rating on the stock.

Qurate Retail Stock Down 0.3 %

Shares of QRTEA opened at $0.38 on Monday. Qurate Retail has a 52-week low of $0.35 and a 52-week 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. The stock has a fifty day simple moving average of $0.51 and a two-hundred day simple moving average of $0.60. The company has a market capitalization of $149.65 million, a PE ratio of -0.53 and a beta of 2.63.

Insiders Place Their Bets

In other Qurate Retail news, insider Renee L. Wilm sold 75,789 shares of the business’s stock in a transaction dated 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 available through the SEC website. 11.80% of the stock is currently owned by insiders.

Institutional Trading of Qurate Retail

Large investors have recently made changes to their positions in the company. DoubleLine ETF Adviser LP grew its stake in shares of Qurate Retail by 97.3% during the second quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after purchasing an additional 19,265 shares in the last quarter. Virtu Financial LLC raised its position 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 acquiring an additional 39,807 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Qurate Retail by 35.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 101,240 shares of the company’s stock worth $125,000 after purchasing an additional 26,700 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Qurate Retail by 100.9% during the second quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock worth $66,000 after purchasing an additional 52,706 shares during the last quarter. Finally, Victory Capital Management Inc. boosted 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 valued at $98,000 after purchasing an additional 114,736 shares in the last quarter. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

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.