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

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

Qurate Retail Price Performance

The firm has a market cap of $138.54 million, a P/E ratio of -0.49 and a beta of 2.69. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The company has a 50-day simple moving average of $0.36 and a 200-day simple moving average of $0.47. Qurate Retail has a 52 week low of $0.31 and a 52 week high of $1.80.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in QRTEA. Contrarius Group Holdings Ltd bought a new stake in Qurate Retail during the 4th quarter worth approximately $11,596,000. Saba Capital Management L.P. increased its holdings in Qurate Retail by 66.0% during the 4th quarter. Saba Capital Management L.P. now owns 11,374,402 shares of the company’s stock worth $3,754,000 after purchasing an additional 4,523,392 shares in the last quarter. Hestia Capital Management LLC bought a new stake in Qurate Retail during the 4th quarter worth approximately $713,000. GSA Capital Partners LLP bought a new stake in Qurate Retail during the 3rd quarter worth approximately $714,000. Finally, Wittenberg Investment Management Inc. increased its holdings in Qurate Retail by 16.8% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock worth $2,485,000 after purchasing an additional 587,027 shares in the last quarter. 64.10% of the stock is owned by institutional investors and hedge funds.

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.