Roosevelt Investment Group Inc. Purchases Shares of 43,358 Qurate Retail Inc Series A (QRTEA)

Roosevelt Investment Group Inc. purchased a new position in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 43,358 shares of the company’s stock, valued at approximately $846,000.

Other hedge funds have also modified their holdings of the company. FMR LLC acquired a new stake in Qurate Retail Inc Series A in the second quarter valued at about $265,833,000. Bank of New York Mellon Corp bought a new stake in Qurate Retail Inc Series A in the second quarter worth approximately $43,883,000. Atria Investments LLC bought a new stake in Qurate Retail Inc Series A in the third quarter worth approximately $238,000. State of Alaska Department of Revenue increased its holdings in shares of Qurate Retail Inc Series A by 4.3% during the third quarter. State of Alaska Department of Revenue now owns 156,651 shares of the company’s stock valued at $3,477,000 after acquiring an additional 6,397 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Qurate Retail Inc Series A by 8.9% during the third quarter. Bank of Montreal Can now owns 60,043 shares of the company’s stock valued at $1,334,000 after acquiring an additional 4,919 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ QRTEA opened at $21.45 on Tuesday. Qurate Retail Inc Series A has a one year low of $18.04 and a one year high of $29.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.51 and a current ratio of 0.97. The firm has a market cap of $9.50 billion, a PE ratio of 6.60, a PEG ratio of 1.86 and a beta of 1.09.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings results on Friday, November 9th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Qurate Retail Inc Series A had a return on equity of 22.24% and a net margin of 9.88%. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.19 billion. The business’s quarterly revenue was up 35.7% compared to the same quarter last year. As a group, research analysts expect that Qurate Retail Inc Series A will post 2.12 EPS for the current fiscal year.

QRTEA has been the topic of several research analyst reports. Zacks Investment Research cut Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Aegis boosted their price objective on Qurate Retail Inc Series A from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, November 19th. Finally, ValuEngine raised Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Qurate Retail Inc Series A presently has a consensus rating of “Hold” and a consensus price target of $29.77.

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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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