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

Stock analysts at StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Qurate Retail Price Performance

QRTEA stock opened at $0.35 on Wednesday. The stock has a market cap of $137.23 million, a price-to-earnings ratio of -0.49 and a beta of 2.63. Qurate Retail has a fifty-two week low of $0.31 and a fifty-two week high of $1.80. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The business has a 50 day moving average price of $0.45 and a 200 day moving average price of $0.57.

Hedge Funds Weigh In On Qurate Retail

Hedge funds have recently made changes to their positions in the company. Privium Fund Management UK Ltd acquired a new position in Qurate Retail in the second quarter valued at $752,000. Oppenheimer Asset Management Inc. increased its position in Qurate Retail by 15.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 429,535 shares of the company’s stock valued at $271,000 after acquiring an additional 58,734 shares during the period. Renaissance Technologies LLC raised its stake in Qurate Retail by 867.1% during the 2nd quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock valued at $2,245,000 after acquiring an additional 3,195,694 shares during the last quarter. Simplify Asset Management Inc. acquired a new stake in Qurate Retail during the 2nd quarter worth approximately $220,000. Finally, Summit Trail Advisors LLC grew its stake in shares of Qurate Retail by 18.2% in the 2nd quarter. Summit Trail Advisors LLC now owns 260,000 shares of the company’s stock valued at $164,000 after purchasing an additional 40,000 shares during the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

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.