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

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

Qurate Retail Stock Up 2.7 %

Qurate Retail stock opened at $0.37 on Monday. The stock has a market capitalization of $147.94 million, a price-to-earnings ratio of -0.52 and a beta of 2.69. 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 stock has a 50 day moving average of $0.37 and a two-hundred day moving average of $0.50. Qurate Retail has a twelve month low of $0.31 and a twelve month high of $1.80.

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

Institutional Trading of Qurate Retail

Hedge funds have recently modified their holdings of the business. Parkwoods Wealth Partners LLC lifted its stake 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 period. Virtu Financial LLC lifted its position in shares of Qurate Retail by 76.6% during the 3rd 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 during the period. Mackenzie Financial Corp boosted 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 worth $66,000 after acquiring an additional 52,706 shares in the last quarter. Victory Capital Management Inc. grew 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 worth $98,000 after acquiring an additional 114,736 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new position in Qurate Retail in the 3rd quarter valued at approximately $101,000. 64.10% of the stock is owned by institutional investors and hedge funds.

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.