AlphaCrest Capital Management LLC lessened its holdings in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 67.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,686 shares of the company’s stock after selling 75,703 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Qurate Retail Inc Series A were worth $309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. ETRADE Capital Management LLC lifted its position in shares of Qurate Retail Inc Series A by 6.6% during the 4th quarter. ETRADE Capital Management LLC now owns 20,601 shares of the company’s stock valued at $174,000 after buying an additional 1,278 shares during the last quarter. Evoke Wealth LLC lifted its position in shares of Qurate Retail Inc Series A by 61.6% during the 4th quarter. Evoke Wealth LLC now owns 3,694 shares of the company’s stock valued at $31,000 after buying an additional 1,408 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Qurate Retail Inc Series A by 6.0% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 34,359 shares of the company’s stock valued at $290,000 after buying an additional 1,930 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Qurate Retail Inc Series A by 67.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,012 shares of the company’s stock valued at $42,000 after buying an additional 2,020 shares during the last quarter. Finally, Financial Counselors Inc. lifted its position in shares of Qurate Retail Inc Series A by 15.5% during the 4th quarter. Financial Counselors Inc. now owns 16,265 shares of the company’s stock valued at $137,000 after buying an additional 2,179 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.
In other Qurate Retail Inc Series A news, CEO Michael A. George purchased 500,000 shares of the stock in a transaction on Thursday, March 5th. The shares were purchased at an average price of $5.44 per share, with a total value of $2,720,000.00. Following the acquisition, the chief executive officer now directly owns 2,439,137 shares in the company, valued at approximately $13,268,905.28. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.01% of the company’s stock.
A number of analysts recently issued reports on QRTEA shares. BidaskClub cut Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 10th. Zacks Investment Research cut Qurate Retail Inc Series A from a “buy” rating to a “hold” rating in a report on Saturday. Finally, ValuEngine raised Qurate Retail Inc Series A from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $13.75.
NASDAQ:QRTEA opened at $4.25 on Friday. The business’s 50-day moving average price is $7.17 and its two-hundred day moving average price is $8.87. Qurate Retail Inc Series A has a twelve month low of $3.01 and a twelve month high of $17.55. The stock has a market cap of $1.86 billion, a P/E ratio of -3.86, a PEG ratio of 0.09 and a beta of 1.16. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 1.18.
Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.68 earnings per share for the quarter, meeting the consensus estimate of $0.68. Qurate Retail Inc Series A had a positive return on equity of 15.62% and a negative net margin of 3.39%. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.16 billion. On average, equities research analysts expect that Qurate Retail Inc Series A will post 1.93 EPS for the current fiscal year.
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. 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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