People s United Financial Inc. Boosts Holdings in Qurate Retail, Inc. (NASDAQ:QRTEA)

People s United Financial Inc. grew its position in shares of Qurate Retail, Inc. (NASDAQ:QRTEA) by 9.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,357 shares of the company’s stock after purchasing an additional 5,119 shares during the period. People s United Financial Inc.’s holdings in Qurate Retail were worth $803,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. PYA Waltman Capital LLC grew its holdings in shares of Qurate Retail by 3.8% during the second quarter. PYA Waltman Capital LLC now owns 677,427 shares of the company’s stock worth $8,868,000 after purchasing an additional 24,741 shares in the last quarter. New York State Common Retirement Fund lifted its position in Qurate Retail by 10.4% during the second quarter. New York State Common Retirement Fund now owns 558,426 shares of the company’s stock valued at $7,310,000 after purchasing an additional 52,623 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in Qurate Retail during the first quarter valued at approximately $797,000. Quantbot Technologies LP purchased a new position in Qurate Retail in the 1st quarter worth approximately $450,000. Finally, AGF Investments LLC bought a new position in shares of Qurate Retail in the 1st quarter worth $303,000. 85.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of QRTEA opened at $10.00 on Wednesday. Qurate Retail, Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $14.62. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 2.97 and a beta of 1.96. The firm has a 50 day moving average price of $11.13 and a 200-day moving average price of $12.17. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.68 and a current ratio of 1.01.

Qurate Retail (NASDAQ:QRTEA) last posted its quarterly earnings results on Friday, August 6th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. Qurate Retail had a net margin of 9.76% and a return on equity of 35.75%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities research analysts predict that Qurate Retail, Inc. will post 2.25 earnings per share for the current year.

Separately, Zacks Investment Research lowered shares of Qurate Retail from a “hold” rating to a “sell” rating in a research report on Thursday, July 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Qurate Retail has a consensus rating of “Hold” and an average target price of $11.25.

In other news, CEO Michael A. George sold 150,000 shares of the stock in a transaction that occurred on Tuesday, July 6th. The stock was sold at an average price of $12.51, for a total transaction of $1,876,500.00. Following the completion of the sale, the chief executive officer now owns 2,412,929 shares of the company’s stock, valued at $30,185,741.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 11.65% of the stock is owned by company insiders.

Qurate Retail Company Profile

Qurate Retail, Inc engages in the business of video and on-line commerce industries. It operates through the following segments: QxH; QVC International; and Corporate and Others. The QxH segment include distribution of live programming, 20 hours per day, 364 days per year, to television households. The QVC International segment focuses in Germany, Austria, Japan, the U.K., the Republic of Ireland, and Italy to distribute shopping experience via broadcast networks, websites, mobile applications, and social pages.

Further Reading: Risk Tolerance

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

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