Mackenzie Financial Corp Purchases 52,706 Shares of Qurate Retail, Inc. (NASDAQ:QRTEA)

Mackenzie Financial Corp raised its position in Qurate Retail, Inc. (NASDAQ:QRTEA) by 100.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 104,936 shares of the company’s stock after buying an additional 52,706 shares during the period. Mackenzie Financial Corp’s holdings in Qurate Retail were worth $66,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Acadian Asset Management LLC boosted its position in shares of Qurate Retail by 28.7% in the 1st quarter. Acadian Asset Management LLC now owns 5,950,168 shares of the company’s stock worth $7,316,000 after purchasing an additional 1,327,990 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of 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 purchasing an additional 3,195,694 shares during the last quarter. Wittenberg Investment Management Inc. boosted its position in shares of Qurate Retail by 21.4% in the 1st quarter. Wittenberg Investment Management Inc. now owns 1,774,056 shares of the company’s stock worth $2,182,000 after purchasing an additional 312,540 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of Qurate Retail by 52.2% in the 1st quarter. GSA Capital Partners LLP now owns 1,430,219 shares of the company’s stock worth $1,759,000 after purchasing an additional 490,594 shares during the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in Qurate Retail during the 2nd quarter worth $752,000. 64.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Qurate Retail in a research note on Tuesday, September 17th. They set a “hold” rating on the stock.

Qurate Retail Stock Performance

Shares of Qurate Retail stock opened at $0.62 on Wednesday. The company has a market capitalization of $242.92 million, a PE ratio of -1.48 and a beta of 2.67. Qurate Retail, Inc. has a 12 month low of $0.40 and a 12 month high of $1.80. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 10.65. The stock’s fifty day simple moving average is $0.60 and its 200 day simple moving average is $0.74.

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

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.