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

StockNews.com initiated 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 Stock Performance

QRTEA opened at $0.42 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. Qurate Retail has a 12-month low of $0.35 and a 12-month high of $1.80. The business has a 50 day moving average of $0.54 and a 200-day moving average of $0.62. The stock has a market cap of $168.31 million, a price-to-earnings ratio of -0.60 and a beta of 2.68.

Insiders Place Their Bets

In related news, insider Renee L. Wilm sold 75,789 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $0.97, for a total value of $73,515.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.80% of the company’s stock.

Institutional Investors Weigh In On Qurate Retail

A number of large investors have recently bought and sold shares of QRTEA. Walleye Trading LLC bought a new position in shares of Qurate Retail in the 1st quarter valued at $31,000. Citizens Financial Group Inc. RI acquired a new stake in Qurate Retail in the first quarter valued at about $43,000. DoubleLine ETF Adviser LP grew its position in Qurate Retail by 97.3% in the second quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock valued at $25,000 after acquiring an additional 19,265 shares during the last quarter. 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 acquiring an additional 39,807 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Qurate Retail by 35.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 101,240 shares of the company’s stock worth $125,000 after acquiring an additional 26,700 shares during the last quarter. 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.