Qurate Retail (NASDAQ:QRTEA) Coverage Initiated at StockNews.com

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

Qurate Retail Price Performance

QRTEA stock opened at $0.38 on Thursday. The stock has a 50-day moving average price of $0.41 and a two-hundred day moving average price of $0.55. The company has a market cap of $150.80 million, a PE ratio of -0.54 and a beta of 2.63. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. Qurate Retail has a 12-month low of $0.31 and a 12-month high of $1.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. DoubleLine ETF Adviser LP lifted 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 in the last quarter. Virtu Financial LLC increased its holdings in 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. Mackenzie Financial Corp raised its position in shares of Qurate Retail by 100.9% in the 2nd quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock valued at $66,000 after purchasing an additional 52,706 shares in the last quarter. Victory Capital Management Inc. boosted 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 during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Qurate Retail during the third quarter worth approximately $101,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

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.