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

StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research report released on Tuesday morning. The firm issued a hold rating on the stock.

Qurate Retail Price Performance

Shares of Qurate Retail stock opened at $0.58 on Tuesday. The company has a market cap of $226.63 million, a PE ratio of -1.38 and a beta of 2.67. The business has a 50 day moving average of $0.63 and a 200 day moving average of $0.80. Qurate Retail has a 52 week low of $0.40 and a 52 week high of $1.80. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 10.65.

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

Insider Transactions at Qurate Retail

In related news, insider Renee L. Wilm sold 75,789 shares of Qurate Retail stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $0.97, for a total transaction of $73,515.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 11.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in Qurate Retail by 37.9% during 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 buying an additional 4,119,957 shares in the last quarter. Privium Fund Management UK Ltd purchased a new position in shares of Qurate Retail in the 2nd quarter worth about $752,000. Acadian Asset Management LLC boosted its stake 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 worth $7,316,000 after purchasing an additional 1,327,990 shares in the last quarter. Brigade Capital Management LP grew its position in Qurate Retail by 249.4% during 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 increased its stake in Qurate Retail by 2,346.2% during 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 in the last quarter. 64.10% of the stock is owned by hedge funds and other institutional investors.

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.