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

Research analysts at StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report issued on Thursday. The firm set a “hold” rating on the stock.

Qurate Retail Price Performance

Qurate Retail has a one year low of $0.31 and a one year high of $1.80. The firm’s 50 day moving average is $0.36 and its 200 day moving average is $0.47. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. The stock has a market cap of $138.54 million, a P/E ratio of -0.49 and a beta of 2.69.

Institutional Investors Weigh In On Qurate Retail

A number of institutional investors have recently added to or reduced their stakes in QRTEA. Contrarius Group Holdings Ltd purchased a new stake in shares of Qurate Retail during the 4th quarter worth $11,596,000. Saba Capital Management L.P. lifted its stake in shares of Qurate Retail by 66.0% in the fourth quarter. Saba Capital Management L.P. now owns 11,374,402 shares of the company’s stock valued at $3,754,000 after purchasing an additional 4,523,392 shares during the period. Hestia Capital Management LLC purchased a new stake in Qurate Retail during the fourth quarter worth about $713,000. GSA Capital Partners LLP acquired a new position in Qurate Retail during the third quarter worth about $714,000. Finally, Wittenberg Investment Management Inc. grew its position in Qurate Retail by 16.8% during the third quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock worth $2,485,000 after buying an additional 587,027 shares during the period. Hedge funds and other institutional investors own 64.10% of the company’s stock.

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.