D. E. Shaw & Co. Inc. Reduces Position in Qurate Retail Inc Series A (QRTEA)

D. E. Shaw & Co. Inc. lessened its holdings in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) by 22.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 989,003 shares of the company’s stock after selling 283,106 shares during the period. D. E. Shaw & Co. Inc. owned 0.22% of Qurate Retail Inc Series A worth $19,305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in QRTEA. DNB Asset Management AS boosted its holdings in Qurate Retail Inc Series A by 102.2% in the 4th quarter. DNB Asset Management AS now owns 113,787 shares of the company’s stock valued at $2,221,000 after purchasing an additional 57,500 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in Qurate Retail Inc Series A by 30.8% in the 4th quarter. CENTRAL TRUST Co now owns 7,826 shares of the company’s stock valued at $152,000 after purchasing an additional 1,845 shares during the last quarter. Norman Fields Gottscho Capital Management LLC boosted its holdings in Qurate Retail Inc Series A by 155.6% in the 4th quarter. Norman Fields Gottscho Capital Management LLC now owns 77,200 shares of the company’s stock valued at $1,507,000 after purchasing an additional 46,995 shares during the last quarter. Credit Suisse AG boosted its holdings in Qurate Retail Inc Series A by 5.9% in the 3rd quarter. Credit Suisse AG now owns 643,738 shares of the company’s stock valued at $14,297,000 after purchasing an additional 35,925 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in Qurate Retail Inc Series A in the 3rd quarter valued at about $209,000. 86.75% of the stock is owned by institutional investors.

Shares of QRTEA stock opened at $17.35 on Friday. 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 has a one year low of $16.77 and a one year high of $26.10. The company has a market capitalization of $7.41 billion, a PE ratio of 9.33 and a beta of 0.98.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings data on Wednesday, February 27th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.19). Qurate Retail Inc Series A had a return on equity of 15.39% and a net margin of 4.79%. The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. Equities analysts expect that Qurate Retail Inc Series A will post 1.86 earnings per share for the current year.

Several research firms have weighed in on QRTEA. Evercore ISI began coverage on shares of Qurate Retail Inc Series A in a report on Wednesday. They issued an “in-line” rating and a $20.00 target price on the stock. ValuEngine lowered shares of Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. Zacks Investment Research lowered shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Bank of America lowered shares of Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a report on Thursday, February 28th. Finally, DA Davidson decreased their target price on shares of Qurate Retail Inc Series A to $25.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.63.

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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. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications to 374 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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