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

StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note published on Sunday. The firm issued a hold rating on the stock.

Qurate Retail Trading Up 11.9 %

Shares of Qurate Retail stock opened at $0.47 on Friday. The company’s fifty day simple moving average is $0.53 and its 200-day simple moving average is $0.61. The company has a market cap of $185.53 million, a price-to-earnings ratio of -0.66 and a beta of 2.68. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. Qurate Retail has a 1 year low of $0.35 and a 1 year high of $1.80.

Insiders Place Their Bets

In other Qurate Retail news, insider Renee L. Wilm sold 75,789 shares of Qurate Retail stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $0.97, for a total transaction of $73,515.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in QRTEA. Wittenberg Investment Management Inc. raised its holdings in shares of Qurate Retail by 16.8% in the third quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock valued at $2,485,000 after buying an additional 587,027 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Qurate Retail by 4.6% in the third quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock valued at $2,334,000 after buying an additional 168,109 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Qurate Retail by 867.1% in the second quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock valued at $2,245,000 after buying an additional 3,195,694 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Qurate Retail by 25.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,664,932 shares of the company’s stock valued at $1,016,000 after buying an additional 341,742 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Qurate Retail in the third quarter valued at about $714,000. 64.10% of the stock is owned by 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.