Flinton Capital Management LLC Purchases 92,336 Shares of Qurate Retail Inc Series A (NASDAQ:QRTEA)

Flinton Capital Management LLC increased its position in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 219.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,448 shares of the company’s stock after purchasing an additional 92,336 shares during the period. Flinton Capital Management LLC’s holdings in Qurate Retail Inc Series A were worth $1,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Qurate Retail Inc Series A by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 4,302,866 shares of the company’s stock valued at $83,938,000 after purchasing an additional 121,432 shares during the last quarter. Quadrant Capital Group LLC increased its position in Qurate Retail Inc Series A by 5,205.5% during the 1st quarter. Quadrant Capital Group LLC now owns 2,918 shares of the company’s stock valued at $46,000 after buying an additional 2,863 shares in the last quarter. Janus Henderson Group PLC increased its position in Qurate Retail Inc Series A by 3.8% during the 1st quarter. Janus Henderson Group PLC now owns 96,381 shares of the company’s stock valued at $1,537,000 after buying an additional 3,525 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Qurate Retail Inc Series A by 7.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 204,513 shares of the company’s stock valued at $3,267,000 after buying an additional 13,690 shares during the last quarter. Finally, Comerica Bank raised its stake in Qurate Retail Inc Series A by 67.4% during the first quarter. Comerica Bank now owns 261,634 shares of the company’s stock valued at $4,471,000 after buying an additional 105,298 shares during the last quarter. Institutional investors and hedge funds own 90.80% of the company’s stock.

A number of equities research analysts have recently commented on QRTEA shares. Zacks Investment Research cut Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. DA Davidson set a $16.00 price target on Qurate Retail Inc Series A and gave the stock a “buy” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.17.

Shares of NASDAQ QRTEA opened at $12.13 on Wednesday. The firm’s 50 day moving average price is $12.28 and its 200-day moving average price is $14.45. The company has a market cap of $4.95 billion, a PE ratio of 6.52, a P/E/G ratio of 0.59 and a beta of 1.19. Qurate Retail Inc Series A has a 52-week low of $10.01 and a 52-week high of $25.03. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.64 and a current ratio of 1.11.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.06. Qurate Retail Inc Series A had a net margin of 3.75% and a return on equity of 14.15%. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, analysts forecast that Qurate Retail Inc Series A will post 1.7 earnings per share for the current fiscal year.

About Qurate Retail Inc Series A

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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