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

StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report released on Saturday morning. The brokerage issued a hold rating on the stock.

Qurate Retail Trading Up 1.6 %

Shares of QRTEA stock opened at $0.34 on Friday. Qurate Retail has a twelve month low of $0.31 and a twelve month high of $1.80. The company has a market capitalization of $135.52 million, a price-to-earnings ratio of -0.48 and a beta of 2.68. The firm has a 50-day moving average price of $0.37 and a 200 day moving average price of $0.53. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. DoubleLine ETF Adviser LP lifted its holdings in shares of Qurate Retail by 97.3% during the 2nd quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after acquiring an additional 19,265 shares during the period. Virtu Financial LLC raised its stake in Qurate Retail by 76.6% during the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after purchasing an additional 39,807 shares during the period. Mackenzie Financial Corp grew its stake in shares of Qurate Retail by 100.9% during 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 during the period. Victory Capital Management Inc. increased its holdings in shares of Qurate Retail by 246.4% during the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after buying an additional 114,736 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Qurate Retail in the 3rd quarter worth $101,000. Hedge funds and other institutional investors own 64.10% of the company’s stock.

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.