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

Equities researchers at StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA - Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a "hold" rating on the stock.

Qurate Retail Stock Up 1.5 %

QRTEA stock traded up $0.01 during trading hours on Tuesday, hitting $0.38. The company's stock had a trading volume of 925,181 shares, compared to its average volume of 1,411,063. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The stock has a 50 day moving average price of $0.36 and a two-hundred day moving average price of $0.48. The company has a market capitalization of $149.02 million, a PE ratio of -0.53 and a beta of 2.69. Qurate Retail has a 12 month low of $0.31 and a 12 month high of $1.80.

Hedge Funds Weigh In On Qurate Retail

Several large investors have recently bought and sold shares of QRTEA. 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 buying an additional 341,742 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Qurate Retail in the 3rd quarter valued at $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 buying an additional 114,736 shares in the last quarter. 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 buying an additional 25,862 shares in 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 buying an additional 237,140 shares in the last quarter. 64.10% of the stock is currently owned by institutional investors and hedge funds.

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.