Janney Montgomery Scott LLC raised its position in Qurate Retail, Inc. (NASDAQ:QRTEA – Get Rating) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 371,519 shares of the company’s stock after acquiring an additional 12,518 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.10% of Qurate Retail worth $747,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in QRTEA. MetLife Investment Management LLC acquired a new position in shares of Qurate Retail in the 1st quarter valued at $34,000. Zions Bancorporation N.A. purchased a new stake in shares of Qurate Retail during the 1st quarter worth $35,000. Comerica Bank purchased a new stake in shares of Qurate Retail in the 2nd quarter worth about $27,000. Profund Advisors LLC purchased a new stake in shares of Qurate Retail in the 2nd quarter worth about $31,000. Finally, FirstPurpose Wealth LLC purchased a new stake in shares of Qurate Retail in the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 82.06% of the company’s stock.
Wall Street Analysts Forecast Growth
QRTEA has been the topic of a number of recent research reports. Bank of America lowered shares of Qurate Retail from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $4.00 to $1.20 in a report on Friday, November 4th. StockNews.com upgraded Qurate Retail from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th.
Qurate Retail Stock Performance
Qurate Retail (NASDAQ:QRTEA – Get Rating) last released its earnings results on Friday, November 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.20). The business had revenue of $2.74 billion for the quarter. Qurate Retail had a negative net margin of 21.82% and a positive return on equity of 9.86%. On average, analysts expect that Qurate Retail, Inc. will post 0.33 EPS for the current fiscal year.
About Qurate Retail
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.
- Get a free copy of the StockNews.com research report on Qurate Retail (QRTEA)
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