120,756 Shares in Qurate Retail Inc Series A (NASDAQ:QRTEA) Purchased by Janus Henderson Group PLC

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Janus Henderson Group PLC acquired a new position in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 120,756 shares of the company’s stock, valued at approximately $2,563,000.

A number of other hedge funds have also recently bought and sold shares of QRTEA. Palladium Partners LLC bought a new position in shares of Qurate Retail Inc Series A in the second quarter worth $456,000. Wittenberg Investment Management Inc. acquired a new stake in Qurate Retail Inc Series A in the second quarter valued at about $433,000. Victory Capital Management Inc. acquired a new stake in Qurate Retail Inc Series A in the second quarter valued at about $45,888,000. Canada Pension Plan Investment Board acquired a new stake in Qurate Retail Inc Series A in the second quarter valued at about $711,000. Finally, Sterling Investment Advisors Ltd. acquired a new stake in Qurate Retail Inc Series A in the second quarter valued at about $980,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

QRTEA has been the topic of a number of recent research reports. ValuEngine raised Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised Qurate Retail Inc Series A from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. Citigroup lifted their price target on Qurate Retail Inc Series A from $18.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 17th. Finally, Aegis reissued a “buy” rating and set a $30.00 price target on shares of Qurate Retail Inc Series A in a research note on Tuesday, August 21st. Three analysts have rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Qurate Retail Inc Series A currently has an average rating of “Buy” and an average price target of $30.60.

Shares of Qurate Retail Inc Series A stock traded up $0.25 during midday trading on Friday, reaching $21.12. The company had a trading volume of 3,751,831 shares, compared to its average volume of 2,787,505. The firm has a market cap of $10.22 billion, a P/E ratio of 6.50, a P/E/G ratio of 2.11 and a beta of 1.27. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 0.57. Qurate Retail Inc Series A has a fifty-two week low of $20.00 and a fifty-two week high of $29.11.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its earnings results on Wednesday, August 8th. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.23 billion. Qurate Retail Inc Series A had a return on equity of 21.05% and a net margin of 10.97%. Equities analysts anticipate that Qurate Retail Inc Series A will post 2.03 earnings per share for the current fiscal year.

In other news, CEO Michael A. George acquired 220,600 shares of the firm’s stock in a transaction dated Thursday, August 30th. The stock was purchased at an average price of $20.40 per share, for a total transaction of $4,500,240.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark C. Vadon sold 122,574 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $22.05, for a total value of $2,702,756.70. The disclosure for this sale can be found here. Insiders own 0.01% of the company’s stock.

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. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications to 374 million households worldwide each day.

Further Reading: Bond

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

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