Charles Schwab Investment Management Inc. lowered its holdings in Qurate Retail, Inc. (NASDAQ:QRTEA - Free Report) by 25.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,468,618 shares of the company's stock after selling 3,159,008 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.39% of Qurate Retail worth $5,777,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans raised its position in Qurate Retail by 33.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 945,470 shares of the company's stock valued at $577,000 after purchasing an additional 237,140 shares in the last quarter. Empowered Funds LLC raised 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 in the last quarter. Victory Capital Management Inc. lifted its stake in Qurate Retail by 246.4% in the third 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 last quarter. GSA Capital Partners LLP acquired a new position in Qurate Retail during the 3rd quarter worth approximately $714,000. Finally, Assenagon Asset Management S.A. grew its holdings in Qurate Retail by 25.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,664,932 shares of the company's stock worth $1,016,000 after acquiring an additional 341,742 shares in the last quarter. 64.10% of the stock is owned by hedge funds and other institutional investors.
Qurate Retail Stock Performance
Shares of QRTEA traded down $0.00 during mid-day trading on Friday, hitting $0.36. 1,930,086 shares of the company's stock were exchanged, compared to its average volume of 3,513,044. The firm has a market capitalization of $141.63 million, a P/E ratio of -0.50 and a beta of 2.63. Qurate Retail, Inc. has a fifty-two week low of $0.35 and a fifty-two week high of $1.80. The business's 50 day moving average is $0.49 and its two-hundred day moving average is $0.59. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on Qurate Retail in a report on Monday. They issued a "hold" rating on the stock.
View Our Latest Stock Analysis on QRTEA
About Qurate Retail
(
Free Report)
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.
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