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

Hestia Capital Management LLC acquired a new stake in Qurate Retail, Inc. (NASDAQ:QRTEA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,159,270 shares of the company's stock, valued at approximately $713,000. Qurate Retail makes up 0.5% of Hestia Capital Management LLC's investment portfolio, making the stock its 3rd largest position. Hestia Capital Management LLC owned about 0.54% of Qurate Retail as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. grew its stake in shares of 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 valued at $1,016,000 after buying an additional 341,742 shares during the period. GSA Capital Partners LLP acquired a new position in Qurate Retail in the 3rd quarter worth $714,000. Victory Capital Management Inc. grew its stake in Qurate Retail by 246.4% during the 3rd 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 in the last quarter. Empowered Funds LLC increased its stake in shares of Qurate Retail by 5.3% in the third quarter. Empowered Funds LLC now owns 509,444 shares of the company's stock worth $311,000 after buying an additional 25,862 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of 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. Hedge funds and other institutional investors own 64.10% of the company's stock.

Qurate Retail Price Performance

Shares of QRTEA stock traded up $0.01 during trading hours on Wednesday, hitting $0.37. The company had a trading volume of 879,330 shares, compared to its average volume of 1,444,405. The firm has a market capitalization of $144.89 million, a price-to-earnings ratio of -0.51 and a beta of 2.69. The firm's fifty day moving average is $0.36 and its 200 day moving average is $0.49. Qurate Retail, Inc. has a 12 month low of $0.31 and a 12 month high of $1.80. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Qurate Retail in a research note on Tuesday. They issued a "hold" rating on the stock.

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.