Qurate Retail, Inc. (NASDAQ:QRTEA) Shares Purchased by Norden Group LLC

Norden Group LLC raised its holdings in Qurate Retail, Inc. (NASDAQ:QRTEA) by 88.2% in the first quarter, Holdings Channel reports. The fund owned 28,306 shares of the company’s stock after buying an additional 13,263 shares during the period. Norden Group LLC’s holdings in Qurate Retail were worth $35,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Everpar Advisors LLC purchased a new stake in shares of Qurate Retail in the fourth quarter valued at approximately $27,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Qurate Retail in the 4th quarter valued at $29,000. Mackenzie Financial Corp acquired a new stake in shares of Qurate Retail in the 4th quarter worth $31,000. Jump Financial LLC purchased a new position in shares of Qurate Retail during the 4th quarter worth $33,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Qurate Retail during the 4th quarter valued at about $40,000. 64.10% of the stock is owned by hedge funds and other institutional investors.

Qurate Retail Stock Up 3.6 %

Shares of QRTEA opened at $0.78 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 12.97. The firm has a market cap of $303.61 million, a P/E ratio of -1.85 and a beta of 2.71. The company’s 50-day moving average price is $0.71 and its 200 day moving average price is $0.92. Qurate Retail, Inc. has a 12-month low of $0.40 and a 12-month high of $1.80.

Qurate Retail (NASDAQ:QRTEA) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.04 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 1.56% and a positive return on equity of 23.19%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Qurate Retail from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th.

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.