Qurate Retail Inc Series A (NASDAQ:QRTEA) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 35,860,000 shares, an increase of 5.4% from the October 31st total of 34,030,000 shares. Approximately 9.4% of the company’s shares are sold short. Based on an average daily volume of 3,960,000 shares, the short-interest ratio is presently 9.1 days.
Several research firms recently issued reports on QRTEA. UBS Group reduced their price objective on shares of Qurate Retail Inc Series A from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Zacks Investment Research lowered shares of Qurate Retail Inc Series A from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Evercore ISI reaffirmed a “hold” rating on shares of Qurate Retail Inc Series A in a research note on Wednesday, November 13th. Craig Hallum cut their target price on shares of Qurate Retail Inc Series A from $24.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, ValuEngine raised shares of Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $16.83.
Shares of Qurate Retail Inc Series A stock opened at $8.17 on Monday. Qurate Retail Inc Series A has a 1-year low of $8.04 and a 1-year high of $22.29. The firm’s 50-day moving average price is $9.41 and its two-hundred day moving average price is $11.26. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 4.61, a P/E/G ratio of 0.50 and a beta of 1.13. The company has a current ratio of 1.14, a quick ratio of 0.64 and a debt-to-equity ratio of 1.33.
Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its earnings results on Monday, November 11th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.08. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.12 billion. Qurate Retail Inc Series A had a negative net margin of 2.37% and a positive return on equity of 14.94%. Qurate Retail Inc Series A’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 earnings per share. As a group, equities research analysts predict that Qurate Retail Inc Series A will post 1.92 EPS for the current year.
In other Qurate Retail Inc Series A news, insider Albert E. Rosenthaler sold 58,992 shares of Qurate Retail Inc Series A stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $8.32, for a total transaction of $490,813.44. Following the transaction, the insider now directly owns 152,118 shares in the company, valued at approximately $1,265,621.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.01% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its stake in shares of Qurate Retail Inc Series A by 23.9% during the 2nd quarter. Victory Capital Management Inc. now owns 172,404 shares of the company’s stock worth $2,136,000 after buying an additional 33,251 shares during the last quarter. Systematic Financial Management LP acquired a new stake in Qurate Retail Inc Series A in the 3rd quarter worth about $565,000. Zebra Capital Management LLC acquired a new stake in Qurate Retail Inc Series A in the 2nd quarter worth about $291,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in Qurate Retail Inc Series A by 108.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 42,249 shares of the company’s stock worth $523,000 after purchasing an additional 22,000 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in Qurate Retail Inc Series A by 5.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 247,654 shares of the company’s stock worth $2,555,000 after purchasing an additional 12,552 shares in the last quarter. Institutional investors own 90.08% of the company’s stock.
Qurate Retail Inc Series A Company Profile
Qurate Retail, Inc, through 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 live video programs, Websites, and mobile applications to 404 million households worldwide each day.
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