StockNews.com Initiates Coverage on Qurate Retail (NASDAQ:QRTEA)

Analysts at StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Qurate Retail Stock Up 1.4 %

QRTEA opened at $0.37 on Tuesday. The business’s 50-day simple moving average is $0.36 and its 200-day simple moving average is $0.49. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. Qurate Retail has a one year low of $0.31 and a one year high of $1.80. The stock has a market capitalization of $144.89 million, a P/E ratio of -0.51 and a beta of 2.69.

Institutional Investors Weigh In On Qurate Retail

A number of institutional investors have recently added to or reduced their stakes in QRTEA. Parkwoods Wealth Partners LLC grew its holdings in shares of Qurate Retail by 70.7% in the 4th quarter. Parkwoods Wealth Partners LLC now owns 90,480 shares of the company’s stock worth $30,000 after acquiring an additional 37,488 shares during the period. Virtu Financial LLC grew its holdings in shares of Qurate Retail by 76.6% in the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after acquiring an additional 39,807 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Qurate Retail in the 4th quarter worth approximately $34,000. Victory Capital Management Inc. grew its holdings in shares of Qurate Retail by 246.4% in the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after acquiring an additional 114,736 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Qurate Retail in the 3rd quarter worth approximately $101,000. Hedge funds and other institutional investors 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.