Bank of Montreal Can Sells 27,005 Shares of Qurate Retail Inc Series A (QRTEA)

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Bank of Montreal Can reduced its stake in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 44.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,444 shares of the company’s stock after selling 27,005 shares during the period. Bank of Montreal Can’s holdings in Qurate Retail Inc Series A were worth $535,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Essex Savings Bank purchased a new position in Qurate Retail Inc Series A in the 4th quarter worth approximately $26,000. QS Investors LLC purchased a new position in Qurate Retail Inc Series A in the 4th quarter worth approximately $26,000. Whittier Trust Co. increased its stake in Qurate Retail Inc Series A by 797.1% in the 4th quarter. Whittier Trust Co. now owns 1,857 shares of the company’s stock worth $36,000 after purchasing an additional 1,650 shares during the period. Princeton Global Asset Management LLC purchased a new position in Qurate Retail Inc Series A in the 4th quarter worth approximately $36,000. Finally, Oregon Public Employees Retirement Fund increased its stake in Qurate Retail Inc Series A by 2,384.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,677,510 shares of the company’s stock worth $86,000 after purchasing an additional 1,609,986 shares during the period. 87.19% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on QRTEA shares. Citigroup raised Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and boosted their target price for the company from $19.00 to $21.00 in a research note on Friday, March 8th. Zacks Investment Research cut Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Craig Hallum reissued a “buy” rating and set a $24.00 target price (down from $30.00) on shares of Qurate Retail Inc Series A in a research note on Monday, May 13th. DA Davidson reduced their target price on Qurate Retail Inc Series A to $25.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Finally, ValuEngine cut Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $24.67.

In other news, Chairman Gregory B. Maffei purchased 100,000 shares of Qurate Retail Inc Series A stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average cost of $12.49 per share, with a total value of $1,249,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael A. George purchased 244,568 shares of Qurate Retail Inc Series A stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average cost of $12.51 per share, for a total transaction of $3,059,545.68. The disclosure for this purchase can be found here. Insiders have bought 1,144,568 shares of company stock worth $14,292,546 over the last three months. Insiders own 0.01% of the company’s stock.

QRTEA opened at $13.20 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 1.02. Qurate Retail Inc Series A has a 52-week low of $11.17 and a 52-week high of $25.03. The company has a market cap of $5.67 billion, a PE ratio of 7.10 and a beta of 0.99.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its earnings results on Thursday, May 9th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Qurate Retail Inc Series A had a net margin of 4.22% and a return on equity of 14.19%. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the firm posted $0.42 earnings per share. Qurate Retail Inc Series A’s quarterly revenue was down 4.5% on a year-over-year basis. As a group, equities analysts anticipate that Qurate Retail Inc Series A will post 1.68 EPS for the current year.

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About Qurate Retail Inc Series A

Qurate Retail, Inc, through 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 live video programs, Websites, and mobile applications to 404 million households worldwide each day.

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Institutional Ownership by Quarter for Qurate Retail Inc Series A (NASDAQ:QRTEA)

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