Qurate Retail, Inc. (NASDAQ:QRTEA) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its position in Qurate Retail, Inc. (NASDAQ:QRTEAGet Rating) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 429,513 shares of the company’s stock after selling 5,461 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.11% of Qurate Retail worth $1,233,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of Qurate Retail in the first quarter worth about $11,240,000. Tiger Management L.L.C. acquired a new position in shares of Qurate Retail during the 1st quarter worth about $5,926,000. Lyrical Asset Management LP lifted its position in shares of Qurate Retail by 10.0% during the 1st quarter. Lyrical Asset Management LP now owns 13,502,667 shares of the company’s stock worth $64,273,000 after purchasing an additional 1,227,918 shares during the last quarter. Clifford Capital Partners LLC acquired a new position in shares of Qurate Retail during the 2nd quarter worth about $3,195,000. Finally, Ancora Advisors LLC lifted its position in shares of Qurate Retail by 60,646.1% during the 1st quarter. Ancora Advisors LLC now owns 850,446 shares of the company’s stock worth $10,001,000 after purchasing an additional 849,046 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Insider Buying and Selling

In related news, CAO Brian J. Wendling sold 9,268 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $3.20, for a total transaction of $29,657.60. Following the sale, the chief accounting officer now directly owns 75,316 shares in the company, valued at approximately $241,011.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.63% of the stock is owned by corporate insiders.

Qurate Retail Trading Up 1.8 %

QRTEA stock opened at $2.23 on Friday. The firm has a market cap of $852.33 million, a P/E ratio of -0.31 and a beta of 1.78. Qurate Retail, Inc. has a 1-year low of $1.50 and a 1-year high of $8.56. The business’s 50 day moving average is $2.16 and its 200-day moving average is $2.85. The company has a current ratio of 1.31, a quick ratio of 0.67 and a debt-to-equity ratio of 15.24.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Bank of America cut Qurate Retail from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $4.00 to $1.20 in a research report on Friday, November 4th. StockNews.com raised Qurate Retail from a “sell” rating to a “hold” rating in a report on Monday, November 7th. Finally, Citigroup upped their price target on Qurate Retail from $3.00 to $3.60 and gave the company a “neutral” rating in a report on Thursday, August 25th.

Qurate Retail Company Profile

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Qurate Retail, Inc, together with 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 merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women's, children's, and men's apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications.

Further Reading

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Institutional Ownership by Quarter for Qurate Retail (NASDAQ:QRTEA)

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