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

Stock analysts at StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Qurate Retail Price Performance

Shares of Qurate Retail stock opened at $0.36 on Wednesday. Qurate Retail has a twelve month low of $0.31 and a twelve month high of $1.80. The stock has a market capitalization of $144.81 million, a P/E ratio of -0.51 and a beta of 2.69. 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 business’s fifty day moving average price is $0.36 and its 200 day moving average price is $0.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP lifted its stake in shares of Qurate Retail by 1.3% in the fourth quarter. Two Sigma Advisers LP now owns 6,342,761 shares of the company’s stock worth $2,093,000 after acquiring an additional 81,500 shares in the last quarter. Saba Capital Management L.P. increased its holdings in Qurate Retail by 66.0% in the fourth quarter. Saba Capital Management L.P. now owns 11,374,402 shares of the company’s stock valued at $3,754,000 after buying an additional 4,523,392 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Qurate Retail by 14.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 235,024 shares of the company’s stock valued at $78,000 after purchasing an additional 30,352 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Qurate Retail by 105.1% during the fourth quarter. Jane Street Group LLC now owns 901,734 shares of the company’s stock valued at $298,000 after purchasing an additional 462,144 shares during the last quarter. Finally, Two Sigma Securities LLC grew its holdings in shares of Qurate Retail by 40.7% during the fourth quarter. Two Sigma Securities LLC now owns 166,473 shares of the company’s stock valued at $55,000 after purchasing an additional 48,134 shares during the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

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.