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

Investment analysts at StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report released on Friday. The firm set a “hold” rating on the stock.

Qurate Retail Price Performance

Shares of QRTEA opened at $0.35 on Friday. The company has a 50 day moving average of $0.40 and a two-hundred day moving average of $0.54. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. Qurate Retail has a twelve month low of $0.31 and a twelve month high of $1.80. The company has a market cap of $138.26 million, a price-to-earnings ratio of -0.49 and a beta of 2.68.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Wittenberg Investment Management Inc. raised its holdings in shares of Qurate Retail by 16.8% during 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 last quarter. Geode Capital Management LLC grew its position in Qurate Retail by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock worth $2,334,000 after purchasing an additional 168,109 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Qurate Retail by 867.1% in the 2nd 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 period. Assenagon Asset Management S.A. lifted its holdings in shares of Qurate Retail by 25.8% in the 3rd 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 period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Qurate Retail in the third quarter worth about $714,000. 64.10% of the stock is 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.