Qurate Retail (NASDAQ:QRTEA) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.

Qurate Retail Stock Up 2.4 %

QRTEA opened at $0.39 on Friday. The company’s 50-day moving average price is $0.37 and its two-hundred day moving average price is $0.52. 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 has a twelve month low of $0.31 and a twelve month high of $1.80. The stock has a market cap of $152.83 million, a price-to-earnings ratio of -0.54 and a beta of 2.68.

Qurate Retail (NASDAQ:QRTEA) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) EPS for the quarter. Qurate Retail had a negative net margin of 2.71% and a positive return on equity of 23.22%. The firm had revenue of $2.34 billion for the quarter.

Institutional Trading of Qurate Retail

Several institutional investors and hedge funds have recently bought and sold shares of QRTEA. Wittenberg Investment Management Inc. boosted its position in shares of Qurate Retail by 16.8% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock valued at $2,485,000 after acquiring an additional 587,027 shares during the last quarter. Geode Capital Management LLC lifted its position in Qurate Retail by 4.6% during the third quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock valued at $2,334,000 after purchasing an additional 168,109 shares during the last quarter. Renaissance Technologies LLC grew its stake in 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 in the last quarter. Assenagon Asset Management S.A. increased 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 buying an additional 341,742 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Qurate Retail during the 3rd quarter valued at $714,000. 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.