Qurate Retail (NASDAQ:QRTEA) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research report issued on Saturday. The brokerage set a “hold” rating on the stock.

Qurate Retail Stock Up 8.6 %

NASDAQ:QRTEA opened at $0.40 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 firm has a market cap of $158.58 million, a PE ratio of -0.56 and a beta of 2.68. The company has a 50-day moving average of $0.54 and a 200 day moving average of $0.62. Qurate Retail has a 1-year low of $0.35 and a 1-year high of $1.80.

Insider Buying and Selling

In other news, insider Renee L. Wilm sold 75,789 shares of Qurate Retail stock in a transaction that occurred on 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 SEC, which is accessible through this hyperlink. 11.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Qurate Retail

Institutional investors have recently bought and sold shares of the company. Wittenberg Investment Management Inc. boosted its holdings in Qurate Retail by 16.8% in the third 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 in the last quarter. Geode Capital Management LLC boosted its stake in Qurate Retail by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock worth $2,334,000 after purchasing an additional 168,109 shares in the last quarter. Renaissance Technologies LLC grew its position 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 purchasing an additional 3,195,694 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Qurate Retail by 25.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,664,932 shares of the company’s stock valued at $1,016,000 after purchasing an additional 341,742 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Qurate Retail in the third quarter worth $714,000. 64.10% of the stock is currently owned by institutional investors and hedge funds.

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.