Qurate Retail (NASDAQ:QRTEA) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note published on Sunday morning. The firm issued a hold rating on the stock.

Qurate Retail Price Performance

Shares of QRTEA stock opened at $0.47 on Friday. The stock has a 50-day moving average price of $0.53 and a 200 day moving average price of $0.61. 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 firm has a market cap of $185.53 million, a price-to-earnings ratio of -0.66 and a beta of 2.68. Qurate Retail has a 12 month low of $0.35 and a 12 month high of $1.80.

Insider Buying and Selling

In other news, insider Renee L. Wilm sold 75,789 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $0.97, for a total transaction of $73,515.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On Qurate Retail

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its position 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 purchasing an additional 3,195,694 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Qurate Retail in the 3rd quarter valued at approximately $714,000. Privium Fund Management UK Ltd acquired a new position in shares of Qurate Retail in the 2nd quarter valued at approximately $752,000. Point72 Asset Management L.P. acquired a new position in shares of Qurate Retail in the 2nd quarter valued at approximately $378,000. Finally, Wittenberg Investment Management Inc. grew its position 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 purchasing an additional 587,027 shares during the period. 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.