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

StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research report report published on Sunday. The brokerage issued a hold rating on the stock.

Qurate Retail Trading Down 5.2 %

Shares of QRTEA stock opened at $0.37 on Friday. Qurate Retail has a 52-week low of $0.31 and a 52-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. The company has a 50-day simple moving average of $0.37 and a two-hundred day simple moving average of $0.51. The company has a market capitalization of $144.93 million, a price-to-earnings ratio of -0.51 and a beta of 2.68.

Qurate Retail (NASDAQ:QRTEA) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter. Qurate Retail had a positive return on equity of 23.22% and a negative net margin of 2.71%. The firm had revenue of $2.34 billion during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parkwoods Wealth Partners LLC boosted its stake in Qurate Retail by 70.7% in the fourth quarter. Parkwoods Wealth Partners LLC now owns 90,480 shares of the company’s stock valued at $30,000 after acquiring an additional 37,488 shares during the last quarter. Virtu Financial LLC lifted 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 valued at $56,000 after buying an additional 39,807 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Qurate Retail by 100.9% during the 2nd quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock valued at $66,000 after buying an additional 52,706 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Qurate Retail by 246.4% during 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. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Qurate Retail during the 3rd quarter valued at approximately $101,000. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

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.