Steward Partners Investment Advisory LLC Purchases 4,400 Shares of Qurate Retail, Inc. (NASDAQ:QRTEA)

Steward Partners Investment Advisory LLC raised its position in Qurate Retail, Inc. (NASDAQ:QRTEAGet Rating) by 22.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,357 shares of the company’s stock after purchasing an additional 4,400 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Qurate Retail were worth $116,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. FPR Partners LLC increased its position in shares of Qurate Retail by 32.2% during the fourth quarter. FPR Partners LLC now owns 19,693,302 shares of the company’s stock worth $149,669,000 after acquiring an additional 4,800,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Qurate Retail by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,937,777 shares of the company’s stock worth $105,929,000 after acquiring an additional 53,295 shares in the last quarter. Kiltearn Partners LLP increased its position in shares of Qurate Retail by 67.7% during the first quarter. Kiltearn Partners LLP now owns 8,306,400 shares of the company’s stock worth $39,538,000 after acquiring an additional 3,352,000 shares in the last quarter. Metropolis Capital Ltd increased its position in shares of Qurate Retail by 11.2% during the first quarter. Metropolis Capital Ltd now owns 7,611,410 shares of the company’s stock worth $36,230,000 after acquiring an additional 765,314 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Qurate Retail by 13.9% during the fourth quarter. Allianz Asset Management GmbH now owns 4,598,433 shares of the company’s stock worth $34,947,000 after acquiring an additional 561,351 shares in the last quarter. Institutional investors own 84.62% of the company’s stock.

Wall Street Analysts Forecast Growth

QRTEA has been the subject of several research reports. Evercore ISI lowered their price objective on shares of Qurate Retail to $3.00 in a research report on Monday, July 4th. StockNews.com downgraded shares of Qurate Retail from a “hold” rating to a “sell” rating in a research report on Tuesday, April 26th. Finally, Citigroup decreased their target price on shares of Qurate Retail from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th.

Qurate Retail Stock Down 3.0 %

Qurate Retail stock opened at $2.88 on Wednesday. The company has a market cap of $1.10 billion, a P/E ratio of 9.93 and a beta of 1.74. The company has a current ratio of 0.97, a quick ratio of 0.56 and a debt-to-equity ratio of 1.73. The company has a fifty day simple moving average of $3.07 and a 200 day simple moving average of $4.54. Qurate Retail, Inc. has a 1-year low of $2.09 and a 1-year high of $12.20.

Qurate Retail (NASDAQ:QRTEAGet Rating) last announced its quarterly earnings results on Friday, May 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.13). The firm had revenue of $2.88 billion during the quarter. Qurate Retail had a net margin of 0.99% and a return on equity of 15.84%. Research analysts anticipate that Qurate Retail, Inc. will post 0.85 earnings per share for the current fiscal year.

About Qurate Retail

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Qurate Retail, Inc, together with 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 merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women's, children's, and men's apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications.

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

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