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

StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA - Free Report) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the stock.

Qurate Retail Trading Down 0.3 %

QRTEA stock traded down $0.00 during trading on Wednesday, reaching $0.36. 1,644,843 shares of the stock were exchanged, compared to its average volume of 1,226,221. 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 business has a 50 day moving average price of $0.36 and a 200-day moving average price of $0.47. Qurate Retail has a 1 year low of $0.31 and a 1 year high of $1.80. The firm has a market capitalization of $142.43 million, a price-to-earnings ratio of -0.51 and a beta of 2.69.

Hedge Funds Weigh In On Qurate Retail

A number of institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in shares of Qurate Retail by 25.8% in 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 acquiring an additional 341,742 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Qurate Retail in the 3rd quarter valued at approximately $714,000. Victory Capital Management Inc. raised its stake 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 acquiring an additional 114,736 shares during the period. Empowered Funds LLC raised its stake in shares of Qurate Retail by 5.3% in the 3rd 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 during the period. 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 acquiring an additional 237,140 shares during the period. 64.10% of the stock is owned by hedge funds and other institutional investors.

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.