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

StockNews.com initiated 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 Stock Performance

The company has a market cap of $138.54 million, a P/E ratio of -0.49 and a beta of 2.69. Qurate Retail has a 1-year low of $0.31 and a 1-year high of $1.80. 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.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of QRTEA. Contrarius Group Holdings Ltd bought a new position in shares of Qurate Retail during the fourth quarter valued at approximately $11,596,000. Saba Capital Management L.P. boosted 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 valued at $3,754,000 after acquiring an additional 4,523,392 shares during the period. Hestia Capital Management LLC bought a new position in Qurate Retail in the 4th quarter valued at $713,000. GSA Capital Partners LLP purchased a new stake in Qurate Retail in the third quarter worth $714,000. Finally, Wittenberg Investment Management Inc. lifted its position in shares of Qurate Retail by 16.8% during the third 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 during the last quarter. Institutional investors own 64.10% of the company’s stock.

About Qurate Retail

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.