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

StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report issued on Wednesday morning. The firm issued a hold rating on the stock.

Qurate Retail Trading Down 0.3 %

Shares of NASDAQ QRTEA opened at $0.36 on Wednesday. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. Qurate Retail has a 52-week low of $0.31 and a 52-week high of $1.80. The firm has a 50 day moving average price of $0.36 and a two-hundred day moving average price of $0.47. The stock has a market cap of $142.43 million, a P/E ratio of -0.51 and a beta of 2.69.

Hedge Funds Weigh In On Qurate Retail

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Two Sigma Advisers LP increased its position in shares of Qurate Retail by 1.3% during the fourth quarter. Two Sigma Advisers LP now owns 6,342,761 shares of the company’s stock worth $2,093,000 after buying an additional 81,500 shares during the period. Saba Capital Management L.P. increased its position in shares of Qurate Retail by 66.0% during the fourth quarter. Saba Capital Management L.P. now owns 11,374,402 shares of the company’s stock worth $3,754,000 after buying an additional 4,523,392 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Qurate Retail by 14.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 235,024 shares of the company’s stock worth $78,000 after buying an additional 30,352 shares during the period. Jane Street Group LLC increased its position in shares of Qurate Retail by 105.1% during the fourth quarter. Jane Street Group LLC now owns 901,734 shares of the company’s stock worth $298,000 after buying an additional 462,144 shares during the period. Finally, Two Sigma Securities LLC increased its position in shares of Qurate Retail by 40.7% during the fourth quarter. Two Sigma Securities LLC now owns 166,473 shares of the company’s stock worth $55,000 after buying an additional 48,134 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.