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

Analysts at StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note issued on Friday. The firm set a “hold” rating on the stock.

Qurate Retail Stock Down 6.5 %

QRTEA opened at $0.35 on Friday. The company has a fifty day moving average of $0.40 and a two-hundred day moving average of $0.54. The stock has a market capitalization of $138.26 million, a price-to-earnings ratio of -0.49 and a beta of 2.68. Qurate Retail has a fifty-two week low of $0.31 and a fifty-two week 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.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. DoubleLine ETF Adviser LP boosted its holdings in Qurate Retail by 97.3% in the 2nd quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after buying an additional 19,265 shares during the last quarter. Virtu Financial LLC lifted its position in shares of Qurate Retail by 76.6% in the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after acquiring an additional 39,807 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Qurate Retail by 100.9% in the second quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock worth $66,000 after acquiring an additional 52,706 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Qurate Retail by 246.4% during the third quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after purchasing an additional 114,736 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in Qurate Retail in the 3rd quarter valued at $101,000. 64.10% of the stock is owned by institutional investors and hedge funds.

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.