Janney Montgomery Scott LLC Has $747,000 Position in Qurate Retail, Inc. (NASDAQ:QRTEA)

Janney Montgomery Scott LLC lifted its position in shares of Qurate Retail, Inc. (NASDAQ:QRTEA – Get Rating) by 3.5% in the third quarter, HoldingsChannel reports. The fund owned 371,519 shares of the company’s stock after buying an additional 12,518 shares during the period. Janney Montgomery Scott LLC’s holdings in Qurate Retail were worth $747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QRTEA. Comerica Bank bought a new position in shares of Qurate Retail during the second quarter worth approximately $27,000. Wedbush Securities Inc. acquired a new stake in shares of Qurate Retail during the 3rd quarter valued at $27,000. Ritholtz Wealth Management acquired a new stake in shares of Qurate Retail during the 3rd quarter valued at $29,000. FirstPurpose Wealth LLC acquired a new stake in shares of Qurate Retail during the 2nd quarter valued at $31,000. Finally, Profund Advisors LLC bought a new position in Qurate Retail during the 2nd quarter worth $31,000. Institutional investors own 82.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on QRTEA shares. Bank of America lowered Qurate Retail from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $4.00 to $1.20 in a research report on Friday, November 4th. StockNews.com raised Qurate Retail from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th.

Qurate Retail Stock Performance

Shares of Qurate Retail stock opened at $1.88 on Friday. Qurate Retail, Inc. has a one year low of $1.42 and a one year high of $8.07. The firm has a market capitalization of $718.56 million, a price-to-earnings ratio of -0.26 and a beta of 1.83. The business has a 50-day simple moving average of $1.93 and a 200 day simple moving average of $2.41. The company has a debt-to-equity ratio of 15.24, a current ratio of 1.31 and a quick ratio of 0.67.

Qurate Retail (NASDAQ:QRTEA – Get Rating) last issued its earnings results on Friday, November 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). Qurate Retail had a negative net margin of 21.82% and a positive return on equity of 9.86%. The firm had revenue of $2.74 billion during the quarter. On average, research analysts anticipate that Qurate Retail, Inc. will post 0.33 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.