ARGA Investment Management LP Sells 12,975 Shares of Qurate Retail Inc Series A (QRTEA)

ARGA Investment Management LP reduced its stake in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) by 5.7% during the 3rd quarter, Holdings Channel reports. The firm owned 214,925 shares of the company’s stock after selling 12,975 shares during the quarter. Qurate Retail Inc Series A comprises 0.7% of ARGA Investment Management LP’s investment portfolio, making the stock its 15th biggest position. ARGA Investment Management LP’s holdings in Qurate Retail Inc Series A were worth $4,773,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of QRTEA. Oppenheimer Asset Management Inc. lifted its holdings in Qurate Retail Inc Series A by 31.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 158,598 shares of the company’s stock valued at $3,523,000 after acquiring an additional 37,950 shares during the last quarter. James Investment Research Inc. lifted its stake in Qurate Retail Inc Series A by 5.6% during the third quarter. James Investment Research Inc. now owns 119,185 shares of the company’s stock worth $2,647,000 after purchasing an additional 6,346 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Qurate Retail Inc Series A by 68.1% during the third quarter. Russell Investments Group Ltd. now owns 239,751 shares of the company’s stock worth $5,323,000 after purchasing an additional 97,111 shares in the last quarter. Alps Advisors Inc. acquired a new position in Qurate Retail Inc Series A during the third quarter worth $484,000. Finally, First Trust Advisors LP lifted its stake in Qurate Retail Inc Series A by 32.9% during the third quarter. First Trust Advisors LP now owns 1,480,282 shares of the company’s stock worth $32,877,000 after purchasing an additional 366,758 shares in the last quarter. Institutional investors and hedge funds own 85.04% of the company’s stock.

NASDAQ:QRTEA traded down $0.04 during trading hours on Wednesday, hitting $22.03. The company’s stock had a trading volume of 21,107 shares, compared to its average volume of 3,012,041. The firm has a market capitalization of $9.84 billion, a PE ratio of 6.80, a price-to-earnings-growth ratio of 2.08 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 52-week low of $20.00 and a 52-week high of $29.11.



Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its earnings results on Wednesday, August 8th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Qurate Retail Inc Series A had a net margin of 10.97% and a return on equity of 21.05%. As a group, equities analysts anticipate that Qurate Retail Inc Series A will post 2.04 EPS for the current year.

In other Qurate Retail Inc Series A news, Director Mark C. Vadon sold 122,574 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael A. George acquired 220,600 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was bought at an average price of $20.40 per share, with a total value of $4,500,240.00. The disclosure for this purchase can be found here. Corporate insiders own 0.01% of the company’s stock.

QRTEA has been the topic of a number of recent research reports. Aegis reaffirmed a “buy” rating and set a $30.00 price objective on shares of Qurate Retail Inc Series A in a research report on Tuesday, August 21st. ValuEngine raised Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised Qurate Retail Inc Series A from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, Citigroup upped their price objective on Qurate Retail Inc Series A from $18.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Qurate Retail Inc Series A has a consensus rating of “Buy” and an average price target of $30.60.

Qurate Retail Inc Series A Profile

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.

Read More: What is intrinsic value?

Want to see what other hedge funds are holding QRTEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qurate Retail Inc Series A (NASDAQ:QRTEA).

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

Receive News & Ratings for Qurate Retail Inc Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qurate Retail Inc Series A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply