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

Analysts at StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Qurate Retail Stock Performance

NASDAQ:QRTEA opened at $0.38 on Thursday. The firm has a market capitalization of $150.80 million, a PE ratio of -0.54 and a beta of 2.63. The stock’s fifty day moving average is $0.41 and its 200 day moving average is $0.55. Qurate Retail has a fifty-two week low of $0.31 and a fifty-two week high of $1.80. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22.

Hedge Funds Weigh In On Qurate Retail

Institutional investors have recently made changes to their positions in the company. DoubleLine ETF Adviser LP raised its stake in shares of Qurate Retail by 97.3% during the 2nd quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after acquiring an additional 19,265 shares in the last quarter. Virtu Financial LLC increased its position in Qurate Retail by 76.6% during the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after buying an additional 39,807 shares in the last quarter. Mackenzie Financial Corp raised its stake in Qurate Retail by 100.9% in the second quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock valued at $66,000 after buying an additional 52,706 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Qurate Retail by 246.4% in the third quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after acquiring an additional 114,736 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Qurate Retail during the third quarter valued at about $101,000. Hedge funds and other 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.