Qurate Retail Inc Series A Target of Unusually High Options Trading (QRTEA)

Qurate Retail Inc Series A (NASDAQ:QRTEA) was the target of some unusual options trading on Thursday. Stock traders bought 7,717 put options on the company. This represents an increase of approximately 892% compared to the average volume of 778 put options.

Shares of QRTEA stock traded up $0.26 during midday trading on Friday, hitting $13.57. The company had a trading volume of 217,016 shares, compared to its average volume of 3,641,244. Qurate Retail Inc Series A has a 52-week low of $11.17 and a 52-week high of $25.03. The company has a market capitalization of $5.54 billion, a P/E ratio of 7.29 and a beta of 0.99. The company has a current ratio of 1.02, a quick ratio of 0.69 and a debt-to-equity ratio of 1.07.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its earnings results on Thursday, May 9th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). Qurate Retail Inc Series A had a net margin of 4.22% and a return on equity of 14.19%. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, equities analysts predict that Qurate Retail Inc Series A will post 1.68 earnings per share for the current fiscal year.

In other Qurate Retail Inc Series A news, CEO Michael A. George acquired 244,568 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of $12.51 per share, for a total transaction of $3,059,545.68. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Malone acquired 800,000 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was acquired at an average price of $12.48 per share, for a total transaction of $9,984,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 1,144,568 shares of company stock worth $14,292,546. Company insiders own 0.01% of the company’s stock.

Several hedge funds have recently made changes to their positions in QRTEA. Norges Bank purchased a new position in shares of Qurate Retail Inc Series A in the 4th quarter valued at approximately $74,476,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Qurate Retail Inc Series A by 2,384.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,677,510 shares of the company’s stock valued at $86,000 after buying an additional 1,609,986 shares during the period. Metropolis Capital Ltd acquired a new stake in shares of Qurate Retail Inc Series A in the 4th quarter valued at approximately $29,166,000. Wedge Capital Management L L P NC lifted its holdings in shares of Qurate Retail Inc Series A by 74.0% in 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 period. Finally, South Texas Money Management Ltd. acquired a new stake in shares of Qurate Retail Inc Series A in the 4th quarter valued at approximately $19,418,000. Institutional investors own 87.86% of the company’s stock.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Wednesday. Craig Hallum restated a “buy” rating and set a $24.00 price target (down previously from $30.00) on shares of Qurate Retail Inc Series A in a research note on Monday. Evercore ISI assumed coverage on Qurate Retail Inc Series A in a research note on Wednesday, March 20th. They set an “in-line” rating and a $20.00 price target on the stock. Citigroup upgraded Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and raised their price target for the stock from $19.00 to $21.00 in a research note on Friday, March 8th. Finally, 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 note on Friday, March 1st. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Qurate Retail Inc Series A currently has an average rating of “Hold” and an average target price of $25.43.

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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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