Qurate Retail (NASDAQ:QRTEA) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Qurate Retail (NASDAQ:QRTEA) from a sell rating to a hold rating in a research report sent to investors on Friday.

Qurate Retail Stock Down 2.3 %

NASDAQ QRTEA opened at $0.71 on Friday. The company has a debt-to-equity ratio of 12.97, a quick ratio of 0.89 and a current ratio of 1.33. The stock has a market capitalization of $279.16 million, a P/E ratio of -1.74 and a beta of 2.69. The stock has a fifty day moving average of $0.88 and a 200-day moving average of $0.95. Qurate Retail has a 52 week low of $0.40 and a 52 week high of $1.80.

Qurate Retail (NASDAQ:QRTEA) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter. Qurate Retail had a negative net margin of 1.56% and a positive return on equity of 23.19%. The company had revenue of $2.34 billion during the quarter.

Institutional Investors Weigh In On Qurate Retail

Several hedge funds have recently bought and sold shares of the company. Staley Capital Advisers Inc. boosted its holdings in Qurate Retail by 62.5% in the 3rd quarter. Staley Capital Advisers Inc. now owns 1,300,000 shares of the company’s stock valued at $789,000 after purchasing an additional 500,000 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Qurate Retail by 37.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,986,921 shares of the company’s stock worth $13,121,000 after purchasing an additional 4,119,957 shares in the last quarter. Swiss National Bank boosted its position in shares of Qurate Retail by 3.5% during the third quarter. Swiss National Bank now owns 793,300 shares of the company’s stock valued at $481,000 after buying an additional 26,800 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Qurate Retail by 578.0% in the third quarter. Acadian Asset Management LLC now owns 3,035,008 shares of the company’s stock valued at $1,840,000 after acquiring an additional 2,587,345 shares in the last quarter. Finally, Brigade Capital Management LP increased its holdings in Qurate Retail by 249.4% during the fourth quarter. Brigade Capital Management LP now owns 2,917,578 shares of the company’s stock worth $2,554,000 after buying an additional 2,082,561 shares during the last quarter. 64.10% of the stock is currently owned by institutional investors and hedge funds.

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.