Quadrant Capital Group LLC Has $46,000 Stake in Qurate Retail Inc Series A (QRTEA)

Quadrant Capital Group LLC lifted its position in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 5,205.5% in the 1st quarter, Holdings Channel reports. The fund owned 2,918 shares of the company’s stock after acquiring an additional 2,863 shares during the period. Quadrant Capital Group LLC’s holdings in Qurate Retail Inc Series A were worth $46,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in QRTEA. Norges Bank bought a new stake in shares of Qurate Retail Inc Series A in the 4th quarter worth about $74,476,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Qurate Retail Inc Series A by 2,384.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,677,510 shares of the company’s stock worth $86,000 after acquiring an additional 1,609,986 shares during the last quarter. Metropolis Capital Ltd purchased a new position in Qurate Retail Inc Series A in the 4th quarter worth about $29,166,000. South Texas Money Management Ltd. purchased a new position in Qurate Retail Inc Series A in the 4th quarter worth about $19,418,000. Finally, Prudential Financial Inc. increased its stake in Qurate Retail Inc Series A by 29.5% in the 4th quarter. Prudential Financial Inc. now owns 4,280,745 shares of the company’s stock worth $83,560,000 after buying an additional 975,462 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

QRTEA stock opened at $12.50 on Tuesday. The stock has a market capitalization of $7.22 billion, a P/E ratio of 6.72 and a beta of 0.99. Qurate Retail Inc Series A has a 12 month low of $11.17 and a 12 month high of $25.03. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.04.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Qurate Retail Inc Series A had a return on equity of 14.06% and a net margin of 4.22%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. On average, equities research analysts expect that Qurate Retail Inc Series A will post 1.86 EPS for the current fiscal year.

Several research analysts recently commented on the stock. Craig Hallum reaffirmed a “buy” rating and issued a $24.00 price target (down previously from $30.00) on shares of Qurate Retail Inc Series A in a research note on Monday. Zacks Investment Research raised shares of Qurate Retail Inc Series A from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Bank of America downgraded shares of Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a research note on Thursday, February 28th. DA Davidson reduced their price target on shares of Qurate Retail Inc Series A to $25.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Finally, ValuEngine downgraded shares of Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Qurate Retail Inc Series A has a consensus rating of “Hold” and a consensus price target of $25.43.

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

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