StockNews.com Initiates Coverage on Qurate Retail (NASDAQ:QRTEA)

Investment analysts at StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report released on Friday. The brokerage set a “hold” rating on the stock.

Qurate Retail Price Performance

The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. Qurate Retail has a one year low of $0.31 and a one year high of $1.80. The business has a 50-day moving average of $0.36 and a 200-day moving average of $0.47. The company has a market capitalization 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 hedge funds and other institutional investors have recently bought and sold shares of QRTEA. GSA Capital Partners LLP purchased a new stake in shares of Qurate Retail in the third quarter worth $714,000. Hestia Capital Management LLC bought a new position in Qurate Retail in the 4th quarter worth about $713,000. Geode Capital Management LLC grew its position in Qurate Retail by 4.6% during the 3rd 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. Victory Capital Management Inc. increased its stake in Qurate Retail by 246.4% during the 3rd 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. Finally, Empowered Funds LLC raised its holdings 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. 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.