StockNews.com Initiates Coverage on Qurate Retail (NASDAQ:QRTEA)

StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note released on Friday. The brokerage issued a hold rating on the stock.

Qurate Retail Stock Performance

The stock has a market cap of $138.54 million, a price-to-earnings ratio of -0.49 and a beta of 2.69. The business has a 50 day moving average of $0.36 and a two-hundred day moving average of $0.47. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. Qurate Retail has a 1-year low of $0.31 and a 1-year high of $1.80.

Institutional Investors Weigh In On Qurate Retail

Several institutional investors and hedge funds have recently added to or reduced their stakes in QRTEA. Contrarius Group Holdings Ltd acquired a new stake in Qurate Retail during the 4th quarter worth $11,596,000. Saba Capital Management L.P. boosted its position in shares of 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 last quarter. Hestia Capital Management LLC acquired a new position in shares of Qurate Retail during the 4th quarter valued at about $713,000. GSA Capital Partners LLP acquired a new position in shares of Qurate Retail during the 3rd quarter valued at about $714,000. Finally, Wittenberg Investment Management Inc. boosted its position in shares of Qurate Retail by 16.8% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock valued at $2,485,000 after acquiring an additional 587,027 shares during the last quarter. Institutional investors and hedge funds 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.