California Public Employees Retirement System Has $19.67 Million Holdings in Qurate Retail Inc Series A (QRTEA)

California Public Employees Retirement System boosted its stake in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 20.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,230,741 shares of the company’s stock after acquiring an additional 205,035 shares during the quarter. California Public Employees Retirement System’s holdings in Qurate Retail Inc Series A were worth $19,667,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QRTEA. Signition LP boosted its stake in shares of Qurate Retail Inc Series A by 58.0% during the 1st quarter. Signition LP now owns 46,970 shares of the company’s stock valued at $751,000 after buying an additional 17,242 shares during the last quarter. Schwartz Investment Counsel Inc. boosted its stake in shares of Qurate Retail Inc Series A by 3.2% during the 1st quarter. Schwartz Investment Counsel Inc. now owns 481,400 shares of the company’s stock valued at $7,693,000 after buying an additional 15,000 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Qurate Retail Inc Series A by 74.0% during the 1st quarter. Wedge Capital Management L L P NC now owns 3,072,530 shares of the company’s stock valued at $49,099,000 after buying an additional 1,306,300 shares during the last quarter. Comerica Bank boosted its stake in shares of Qurate Retail Inc Series A by 67.4% during the 1st 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. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Qurate Retail Inc Series A by 7.2% during the 1st 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. Hedge funds and other institutional investors own 87.86% of the company’s stock.

In related news, Chairman Gregory B. Maffei bought 100,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average cost of $12.49 per share, with a total value of $1,249,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael A. George bought 244,568 shares of the company’s stock in a transaction on Monday, May 13th. The stock was bought at an average cost of $12.51 per share, for a total transaction of $3,059,545.68. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 1,144,568 shares of company stock worth $14,292,546. Corporate insiders own 0.01% of the company’s stock.

QRTEA stock opened at $13.52 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.69 and a debt-to-equity ratio of 1.07. The company has a market cap of $5.79 billion, a P/E ratio of 7.27 and a beta of 0.99. Qurate Retail Inc Series A has a 12-month low of $11.17 and a 12-month high of $25.03.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.25 billion. Qurate Retail Inc Series A had a net margin of 4.22% and a return on equity of 14.19%. The business’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. Sell-side analysts expect that Qurate Retail Inc Series A will post 1.68 earnings per share for the current year.

QRTEA has been the topic of several research reports. ValuEngine lowered Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. DA Davidson dropped their price target on Qurate Retail Inc Series A to $25.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Bank of America lowered Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a research report on Thursday, February 28th. Citigroup raised Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and upped their price target for the company from $19.00 to $21.00 in a research report on Friday, March 8th. Finally, Zacks Investment Research raised Qurate Retail Inc Series A from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $25.43.

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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. 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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