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

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

Qurate Retail Stock Performance

Shares of QRTEA stock opened at $0.43 on Friday. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.90. The company’s fifty day moving average price is $0.55 and its two-hundred day moving average price is $0.64. The firm has a market capitalization of $169.84 million, a P/E ratio of -0.60 and a beta of 2.68. Qurate Retail has a 12 month low of $0.42 and a 12 month high of $1.80.

Insider Activity at Qurate Retail

In related news, insider Renee L. Wilm sold 75,789 shares of Qurate Retail stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of 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 acquiring an additional 168,109 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in Qurate Retail during the third quarter worth $101,000. 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 purchasing an additional 587,027 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Qurate Retail by 33.5% in the third quarter. Thrivent Financial for Lutherans now owns 945,470 shares of the company’s stock worth $577,000 after purchasing an additional 237,140 shares during the period. Finally, Empowered Funds LLC increased its stake in Qurate Retail by 5.3% during the third quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock valued at $311,000 after purchasing an additional 25,862 shares during the last quarter. 64.10% of the stock is 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.