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

Research analysts at StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Qurate Retail Trading Up 1.4 %

Shares of QRTEA opened at $0.37 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. The firm has a market capitalization of $144.89 million, a P/E ratio of -0.51 and a beta of 2.69. The stock’s fifty day simple moving average is $0.36 and its 200 day simple moving average is $0.49. Qurate Retail has a twelve month low of $0.31 and a twelve month high of $1.80.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its position in Qurate Retail by 5.3% in the third quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock valued at $311,000 after purchasing an additional 25,862 shares during the period. Parkwoods Wealth Partners LLC grew its stake in shares of Qurate Retail by 70.7% during the fourth quarter. Parkwoods Wealth Partners LLC now owns 90,480 shares of the company’s stock valued at $30,000 after acquiring an additional 37,488 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Qurate Retail by 76.6% during the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after acquiring an additional 39,807 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Qurate Retail by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 3,867,536 shares of the company’s stock valued at $1,277,000 after acquiring an additional 42,600 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of Qurate Retail during the fourth quarter valued at about $34,000. 64.10% of the stock is owned by hedge funds and other institutional investors.

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.