Shell Asset Management Co. Invests $166,000 in Qurate Retail, Inc. (NASDAQ:QRTEA)

Shell Asset Management Co. acquired a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEAFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 273,455 shares of the company’s stock, valued at approximately $166,000. Shell Asset Management Co. owned 0.07% of Qurate Retail as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of QRTEA. JPMorgan Chase & Co. raised its stake in Qurate Retail by 40.5% during the first quarter. JPMorgan Chase & Co. now owns 701,293 shares of the company’s stock worth $3,338,000 after acquiring an additional 202,146 shares during the period. Raymond James & Associates increased its stake in shares of Qurate Retail by 9.1% in the first quarter. Raymond James & Associates now owns 276,394 shares of the company’s stock valued at $1,316,000 after purchasing an additional 23,023 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Qurate Retail by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 1,496,033 shares of the company’s stock valued at $7,121,000 after purchasing an additional 11,991 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Qurate Retail by 25.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,301 shares of the company’s stock valued at $182,000 after purchasing an additional 7,856 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Qurate Retail by 110.5% in the first quarter. Bank of Montreal Can now owns 27,898 shares of the company’s stock valued at $136,000 after purchasing an additional 14,642 shares during the period. Institutional investors and hedge funds own 72.53% of the company’s stock.

Qurate Retail Trading Up 2.3 %

Qurate Retail stock opened at $0.84 on Monday. Qurate Retail, Inc. has a 52 week low of $0.40 and a 52 week high of $2.50. The company has a debt-to-equity ratio of 6.98, a quick ratio of 0.92 and a current ratio of 1.42. The firm has a market capitalization of $327.41 million, a price-to-earnings ratio of 4.20 and a beta of 2.53. The company has a 50 day moving average price of $0.87 and a 200 day moving average price of $0.75.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Qurate Retail in a research note on Tuesday, November 7th. They issued a “hold” rating on the stock.

Check Out Our Latest Research Report on Qurate Retail

Qurate Retail Profile

(Free Report)

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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