Qurate Retail (NASDAQ:QRTEA) Now Covered by StockNews.com

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

Qurate Retail Price Performance

The company has a market capitalization of $138.54 million, a price-to-earnings ratio of -0.49 and a beta of 2.69. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. The firm has a 50-day simple moving average of $0.36 and a 200 day simple moving average of $0.47. Qurate Retail has a twelve month low of $0.31 and a twelve month high of $1.80.

Hedge Funds Weigh In On Qurate Retail

Institutional investors have recently modified their holdings of the business. Parkwoods Wealth Partners LLC grew its holdings in shares of 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 in the last quarter. Virtu Financial LLC lifted its stake in Qurate Retail by 76.6% in the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after purchasing an additional 39,807 shares during the last quarter. Prudential Financial Inc. purchased a new position in Qurate Retail in the fourth quarter valued at approximately $34,000. Victory Capital Management Inc. lifted its stake in Qurate Retail by 246.4% in the third quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after purchasing an additional 114,736 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in Qurate Retail in the third quarter valued at approximately $101,000. 64.10% of the stock is owned by institutional investors.

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.