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

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

Qurate Retail Stock Up 8.6 %

Qurate Retail stock opened at $0.43 on Friday. The company has a 50 day moving average of $0.54 and a 200-day moving average of $0.62. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. Qurate Retail has a twelve month low of $0.35 and a twelve month high of $1.80. The stock has a market capitalization of $172.28 million, a PE ratio of -0.61 and a beta of 2.68.

Insiders Place Their Bets

In related news, insider Renee L. Wilm sold 75,789 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $0.97, for a total value of $73,515.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On Qurate Retail

Several hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in Qurate Retail during the third quarter worth $262,000. Virtu Financial LLC increased its stake in shares of Qurate Retail by 76.6% during the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after purchasing an additional 39,807 shares during the last quarter. Geode Capital Management LLC raised 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 purchasing an additional 168,109 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in Qurate Retail in the 3rd quarter valued at about $101,000. Finally, Wittenberg Investment Management Inc. grew its holdings in Qurate Retail by 16.8% during the third quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock worth $2,485,000 after purchasing an additional 587,027 shares during the period. Institutional investors own 64.10% of the company’s stock.

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.