10,425 Shares in Qurate Retail Inc Series A (QRTEA) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in Qurate Retail Inc Series A (NASDAQ:QRTEA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,425 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors have also recently modified their holdings of the company. Eagle Asset Management Inc. purchased a new stake in Qurate Retail Inc Series A during the 2nd quarter worth approximately $83,581,000. Wells Fargo & Company MN purchased a new stake in Qurate Retail Inc Series A during the 2nd quarter worth approximately $57,082,000. Schwab Charles Investment Management Inc. purchased a new stake in Qurate Retail Inc Series A during the 2nd quarter worth approximately $52,757,000. Victory Capital Management Inc. purchased a new stake in Qurate Retail Inc Series A during the 2nd quarter worth approximately $45,888,000. Finally, Bank of New York Mellon Corp purchased a new stake in Qurate Retail Inc Series A during the 2nd quarter worth approximately $43,883,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ QRTEA opened at $22.37 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 1.00 and a debt-to-equity ratio of 1.08. Qurate Retail Inc Series A has a 12 month low of $20.00 and a 12 month high of $29.11. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 6.88, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). Qurate Retail Inc Series A had a net margin of 10.97% and a return on equity of 21.05%. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.23 billion. equities research analysts forecast that Qurate Retail Inc Series A will post 2.03 earnings per share for the current year.

In related news, Director Mark C. Vadon sold 122,574 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $22.05, for a total value of $2,702,756.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael A. George bought 220,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The stock was purchased at an average price of $20.40 per share, with a total value of $4,500,240.00. The disclosure for this purchase can be found here. Insiders own 0.01% of the company’s stock.

QRTEA has been the topic of several research analyst reports. Zacks Investment Research raised shares of Qurate Retail Inc Series A from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 25th. ValuEngine upgraded shares of Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Aegis restated a “buy” rating and set a $30.00 price objective on shares of Qurate Retail Inc Series A in a research note on Tuesday, August 21st. Finally, Citigroup lifted their price objective on shares of Qurate Retail Inc Series A from $18.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $30.60.

Qurate Retail Inc Series A Profile

Qurate Retail Group, Inc markets and sells various consumer products primarily through live merchandise-focused televised shopping programs, Websites, and mobile applications. The company's Websites offers home, apparel, beauty, accessories, jewelry, and electronics products. It also operates as an online retailer of women's, children's, and men's apparel, and children's merchandise; and home, beauty, and personalized products, as well as retails its products through catalogs, and retail and outlet stores.

Further Reading: Return on Equity (ROE)

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

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