MassMutual Private Wealth & Trust FSB Makes New Investment in Qurate Retail, Inc. (NASDAQ:QRTEA)

MassMutual Private Wealth & Trust FSB acquired a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 472,917 shares of the company’s stock, valued at approximately $156,000.

Several other institutional investors also recently bought and sold shares of QRTEA. Wittenberg Investment Management Inc. increased its holdings in shares of Qurate Retail by 16.8% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock valued at $2,485,000 after acquiring an additional 587,027 shares during the period. Geode Capital Management LLC increased its holdings in shares of Qurate Retail by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock valued at $2,334,000 after acquiring an additional 168,109 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Qurate Retail by 867.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock valued at $2,245,000 after acquiring an additional 3,195,694 shares during the period. Assenagon Asset Management S.A. increased its holdings 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. Finally, GSA Capital Partners LLP purchased a new position in shares of Qurate Retail in the 3rd quarter valued at $714,000. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

Qurate Retail Trading Up 3.0 %

Shares of NASDAQ:QRTEA opened at $0.38 on Friday. Qurate Retail, Inc. has a 12-month low of $0.31 and a 12-month high of $1.80. The business’s fifty day simple moving average is $0.37 and its 200-day simple moving average is $0.52. The company has a market capitalization of $149.21 million, a PE ratio of -0.53 and a beta of 2.68. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74.

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 business had revenue of $2.34 billion during the quarter. Qurate Retail had a positive return on equity of 23.22% and a negative net margin of 2.71%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Qurate Retail in a report on Saturday, January 18th. They issued a “hold” rating on the stock.

Qurate Retail 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.