Hestia Capital Management LLC Invests $713,000 in Qurate Retail, Inc. (NASDAQ:QRTEA)

Hestia Capital Management LLC acquired a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,159,270 shares of the company’s stock, valued at approximately $713,000. Qurate Retail comprises about 0.5% of Hestia Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position.

Several other hedge funds have also made changes to their positions in the business. Empowered Funds LLC boosted its holdings 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 acquiring an additional 25,862 shares during the last quarter. Parkwoods Wealth Partners LLC raised its position 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 during the period. Virtu Financial LLC raised its position in Qurate Retail by 76.6% in the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after purchasing an additional 39,807 shares during the period. Victory Capital Management Inc. raised its position in Qurate Retail by 246.4% in the third quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after purchasing an additional 114,736 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new position in Qurate Retail in the third quarter valued at about $101,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Qurate Retail in a research report on Monday, February 3rd. They issued a “hold” rating on the stock.

Qurate Retail Price Performance

NASDAQ:QRTEA opened at $0.36 on Friday. The business’s 50-day moving average is $0.36 and its two-hundred day moving average is $0.49. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. Qurate Retail, Inc. has a 12 month low of $0.31 and a 12 month high of $1.80.

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

Qurate Retail Company Profile

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.