Lingohr & Partner Asset Management GmbH Reduces Stake in Qurate Retail Inc Series A (QRTEA)

Lingohr & Partner Asset Management GmbH reduced its position in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 15.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,121 shares of the company’s stock after selling 10,399 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Qurate Retail Inc Series A were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Gabelli Funds LLC purchased a new position in Qurate Retail Inc Series A during the second quarter valued at $26,654,000. Northwestern Mutual Wealth Management Co. purchased a new position in Qurate Retail Inc Series A during the second quarter valued at $248,000. Renaissance Technologies LLC purchased a new position in Qurate Retail Inc Series A during the second quarter valued at $21,888,000. Palladium Partners LLC purchased a new position in Qurate Retail Inc Series A during the second quarter valued at $456,000. Finally, Wittenberg Investment Management Inc. purchased a new position in Qurate Retail Inc Series A during the second quarter valued at $433,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

In other news, CEO Michael A. George bought 220,600 shares of Qurate Retail Inc Series A stock in a transaction dated Thursday, August 30th. The shares were purchased at an average cost of $20.40 per share, with a total value of $4,500,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark C. Vadon sold 122,574 shares of Qurate Retail Inc Series A stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $22.05, for a total value of $2,702,756.70. The disclosure for this sale can be found here. 0.01% of the stock is owned by insiders.

Shares of Qurate Retail Inc Series A stock remained flat at $$22.26 during trading hours on Thursday. The stock had a trading volume of 292,289 shares, compared to its average volume of 2,783,775. Qurate Retail Inc Series A has a fifty-two week low of $20.00 and a fifty-two week high of $29.11. The stock has a market capitalization of $10.22 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. 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 (NASDAQ:QRTEA) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $3.23 billion. Analysts forecast that Qurate Retail Inc Series A will post 2.03 earnings per share for the current year.

Several brokerages have recently commented on QRTEA. Aegis restated a “buy” rating and issued a $30.00 price objective on shares of Qurate Retail Inc Series A in a research report on Tuesday, August 21st. Zacks Investment Research upgraded Qurate Retail Inc Series A from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 25th. ValuEngine upgraded Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 8th. Finally, Citigroup boosted their price objective on Qurate Retail Inc Series A from $18.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 17th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Qurate Retail Inc Series A currently has an average rating of “Buy” and an average price target of $30.60.

Qurate Retail Inc Series A Profile

Qurate Retail, Inc, through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications to 374 million households worldwide each day.

Further Reading: How to calculate the intrinsic value of a stock

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

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