Qurate Retail (NASDAQ:QRTEA) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report released on Tuesday. The brokerage set a “hold” rating on the stock.

Qurate Retail Trading Down 4.2 %

Shares of QRTEA stock opened at $0.35 on Tuesday. The firm has a 50-day moving average price of $0.48 and a 200 day moving average price of $0.59. Qurate Retail has a twelve month low of $0.35 and a twelve month high of $1.80. The company has a market capitalization of $139.65 million, a price-to-earnings ratio of -0.50 and a beta of 2.63. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74.

Hedge Funds Weigh In On Qurate Retail

A number of institutional investors have recently made changes to their positions in QRTEA. Renaissance Technologies LLC grew its stake in Qurate Retail by 867.1% during 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 during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Qurate Retail in the 3rd quarter valued at $714,000. Privium Fund Management UK Ltd acquired a new position in shares of Qurate Retail in the 2nd quarter valued at $752,000. Point72 Asset Management L.P. acquired a new position in shares of Qurate Retail in the 2nd quarter valued at $378,000. Finally, Wittenberg Investment Management Inc. boosted its position in Qurate Retail by 16.8% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock worth $2,485,000 after acquiring an additional 587,027 shares during the period. 64.10% of the stock is owned by institutional investors and hedge funds.

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.