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

Research analysts at StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the stock.

Qurate Retail Stock Performance

Shares of QRTEA stock opened at $0.39 on Friday. 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 has a 12-month low of $0.31 and a 12-month high of $1.80. The business has a 50 day simple moving average of $0.37 and a 200 day simple moving average of $0.52. The firm has a market capitalization of $152.87 million, a price-to-earnings ratio of -0.54 and a beta of 2.68.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in QRTEA. Empowered Funds LLC grew its holdings in Qurate Retail by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock worth $311,000 after acquiring an additional 25,862 shares during the period. Parkwoods Wealth Partners LLC raised its holdings in shares of 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 last quarter. Virtu Financial LLC increased its stake in Qurate Retail by 76.6% in the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after buying an additional 39,807 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Qurate Retail by 100.9% during the second quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock worth $66,000 after acquiring an additional 52,706 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Qurate Retail by 246.4% in the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after buying an additional 114,736 shares during the last quarter. Institutional investors and hedge funds 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.