Qurate Retail, Inc. (NASDAQ:QRTEA) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its stake in Qurate Retail, Inc. (NASDAQ:QRTEA) by 15.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 429,535 shares of the company’s stock after buying an additional 58,734 shares during the period. Oppenheimer Asset Management Inc. owned 0.11% of Qurate Retail worth $271,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in Qurate Retail by 37.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,986,921 shares of the company’s stock valued at $13,121,000 after purchasing an additional 4,119,957 shares during the last quarter. Privium Fund Management UK Ltd purchased a new stake in Qurate Retail in the 2nd quarter valued at $752,000. Acadian Asset Management LLC raised its position in Qurate Retail by 28.7% in the 1st quarter. Acadian Asset Management LLC now owns 5,950,168 shares of the company’s stock valued at $7,316,000 after purchasing an additional 1,327,990 shares during the last quarter. Brigade Capital Management LP raised its position in Qurate Retail by 249.4% in the 4th quarter. Brigade Capital Management LP now owns 2,917,578 shares of the company’s stock valued at $2,554,000 after purchasing an additional 2,082,561 shares during the last quarter. Finally, Norden Group LLC raised its position in Qurate Retail by 2,346.2% in the 1st quarter. Norden Group LLC now owns 367,978 shares of the company’s stock valued at $453,000 after purchasing an additional 352,935 shares during the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Qurate Retail in a research report on Tuesday, September 17th. They issued a “hold” rating for the company.

Insiders Place Their Bets

In other news, insider Renee L. Wilm sold 75,789 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $0.97, for a total value of $73,515.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.80% of the stock is owned by insiders.

Qurate Retail Stock Down 6.2 %

Shares of Qurate Retail stock opened at $0.58 on Friday. The company has a market cap of $226.63 million, a P/E ratio of -1.38 and a beta of 2.67. The company has a debt-to-equity ratio of 10.65, a quick ratio of 0.90 and a current ratio of 1.34. Qurate Retail, Inc. has a one year low of $0.40 and a one year high of $1.80. The firm has a fifty day moving average of $0.63 and a two-hundred day moving average of $0.80.

Qurate Retail (NASDAQ:QRTEA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.05 EPS for the quarter. The company had revenue of $2.41 billion during the quarter. Qurate Retail had a negative net margin of 2.44% and a positive return on equity of 33.57%.

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.