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

Equities researchers at StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report released on Monday. The firm set a “hold” rating on the stock.

Qurate Retail Stock Performance

NASDAQ QRTEA opened at $0.37 on Monday. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. The stock’s fifty day moving average is $0.37 and its two-hundred day moving average is $0.50. The firm has a market capitalization of $147.94 million, a P/E ratio of -0.52 and a beta of 2.69. Qurate Retail has a fifty-two week low of $0.31 and a fifty-two week high of $1.80.

Qurate Retail (NASDAQ:QRTEA) last issued its earnings results on Thursday, November 7th. The company reported ($0.06) EPS for the quarter. Qurate Retail had a positive return on equity of 23.22% and a negative net margin of 2.71%. The firm had revenue of $2.34 billion for the quarter.

Institutional Investors Weigh In On Qurate Retail

A number of hedge funds and other institutional investors have recently modified their holdings of QRTEA. Parkwoods Wealth Partners LLC boosted its holdings in Qurate Retail by 70.7% in the fourth quarter. Parkwoods Wealth Partners LLC now owns 90,480 shares of the company’s stock valued at $30,000 after purchasing an additional 37,488 shares in the last quarter. Virtu Financial LLC lifted its position in shares of Qurate Retail by 76.6% during the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after buying an additional 39,807 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Qurate Retail by 100.9% in the 2nd quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock valued at $66,000 after buying an additional 52,706 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Qurate Retail by 246.4% in the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after buying an additional 114,736 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Qurate Retail during the 3rd quarter worth $101,000. 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.