Qurate Retail (NASDAQ:QRTEA) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the stock.

Qurate Retail Stock Up 14.3 %

Shares of Qurate Retail stock opened at $0.38 on Thursday. Qurate Retail has a 1-year low of $0.31 and a 1-year high of $1.80. 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 company has a market capitalization of $149.69 million, a P/E ratio of -0.53 and a beta of 2.63. The business’s fifty day moving average price is $0.41 and its two-hundred day moving average price is $0.55.

Institutional Investors Weigh In On Qurate Retail

Several institutional investors have recently made changes to their positions in QRTEA. GSA Capital Partners LLP acquired a new position in Qurate Retail during the third quarter valued at approximately $714,000. Renaissance Technologies LLC increased its stake 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 worth $2,245,000 after purchasing an additional 3,195,694 shares during the period. Victory Capital Management Inc. boosted its stake in Qurate Retail by 246.4% during the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after purchasing an additional 114,736 shares during the period. Empowered Funds LLC grew its holdings in Qurate Retail by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock valued at $311,000 after buying an additional 25,862 shares during the last quarter. Finally, 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 worth $271,000 after buying an additional 58,734 shares during the period. 64.10% of the stock is currently owned by institutional investors and hedge funds.

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.