Charles Schwab Investment Management Inc. Cuts Stake in Qurate Retail, Inc. (NASDAQ:QRTEA)

Charles Schwab Investment Management Inc. cut its holdings in Qurate Retail, Inc. (NASDAQ:QRTEA) by 25.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,468,618 shares of the company’s stock after selling 3,159,008 shares during the period. Charles Schwab Investment Management Inc. owned 2.39% of Qurate Retail worth $5,777,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its stake in Qurate Retail by 33.5% during the third quarter. Thrivent Financial for Lutherans now owns 945,470 shares of the company’s stock worth $577,000 after acquiring an additional 237,140 shares during the last quarter. Empowered Funds LLC lifted its position in Qurate Retail by 5.3% in the third quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock worth $311,000 after buying an additional 25,862 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Qurate Retail by 246.4% during the third quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after buying an additional 114,736 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Qurate Retail in the third quarter valued at $714,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Qurate Retail by 25.8% in the 3rd 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. 64.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Qurate Retail in a research note on Monday. They issued a “hold” rating for the company.

Qurate Retail Price Performance

Qurate Retail stock opened at $0.36 on Friday. Qurate Retail, Inc. has a 52 week low of $0.35 and a 52 week high of $1.80. The firm has a market cap of $142.98 million, a price-to-earnings ratio of -0.51 and a beta of 2.63. The business’s 50-day moving average price is $0.49 and its 200 day moving average price is $0.59. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74.

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.