Assenagon Asset Management S.A. Lowers Stock Position in Qurate Retail, Inc. (NASDAQ:QRTEA)

Assenagon Asset Management S.A. lessened its stake in Qurate Retail, Inc. (NASDAQ:QRTEA) by 75.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,438 shares of the company’s stock after selling 1,257,494 shares during the period. Assenagon Asset Management S.A. owned approximately 0.10% of Qurate Retail worth $134,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wittenberg Investment Management Inc. boosted its holdings in shares of 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 purchasing an additional 587,027 shares during the period. Geode Capital Management LLC increased 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 period. Renaissance Technologies LLC raised its holdings in 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 in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Qurate Retail in the 3rd quarter worth about $714,000. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Qurate Retail by 33.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 945,470 shares of the company’s stock valued at $577,000 after purchasing an additional 237,140 shares in the last quarter. Institutional investors own 64.10% of the company’s stock.

Qurate Retail Price Performance

Qurate Retail stock opened at $0.39 on Friday. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The stock has a market cap of $152.83 million, a price-to-earnings ratio of -0.54 and a beta of 2.68. The firm has a 50-day moving average of $0.37 and a two-hundred day moving average of $0.52. Qurate Retail, Inc. has a 1 year low of $0.31 and a 1 year high of $1.80.

Qurate Retail (NASDAQ:QRTEA) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $2.34 billion for the quarter. Qurate Retail had a negative net margin of 2.71% and a positive return on equity of 23.22%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Qurate Retail in a report on Sunday. They issued a “hold” rating for the company.

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.