Teacher Retirement System of Texas Sells 237,739 Shares of Qurate Retail Inc Series A (QRTEA)

Teacher Retirement System of Texas trimmed its stake in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) by 16.3% during the 1st quarter, Holdings Channel reports. The fund owned 1,221,750 shares of the company’s stock after selling 237,739 shares during the quarter. Teacher Retirement System of Texas’ holdings in Qurate Retail Inc Series A were worth $19,524,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Essex Savings Bank bought a new position in Qurate Retail Inc Series A during the 4th quarter worth approximately $26,000. QS Investors LLC bought a new stake in shares of Qurate Retail Inc Series A in the 4th quarter worth approximately $26,000. Whittier Trust Co. grew its position in shares of Qurate Retail Inc Series A by 797.1% in the 4th quarter. Whittier Trust Co. now owns 1,857 shares of the company’s stock worth $36,000 after buying an additional 1,650 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Qurate Retail Inc Series A in the 4th quarter worth approximately $36,000. Finally, Quadrant Capital Group LLC grew its position in shares of Qurate Retail Inc Series A by 5,205.5% in the 1st quarter. Quadrant Capital Group LLC now owns 2,918 shares of the company’s stock worth $46,000 after buying an additional 2,863 shares during the last quarter. Institutional investors and hedge funds own 87.86% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Citigroup upgraded Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $19.00 to $21.00 in a research report on Friday, March 8th. Zacks Investment Research lowered Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Craig Hallum reiterated a “buy” rating and issued a $24.00 price objective (down from $30.00) on shares of Qurate Retail Inc Series A in a research report on Monday. DA Davidson cut their price objective 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. Finally, ValuEngine lowered Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.43.

Shares of QRTEA stock traded up $0.85 during trading hours on Thursday, reaching $13.60. The company’s stock had a trading volume of 338,258 shares, compared to its average volume of 3,164,095. The firm has a market cap of $5.44 billion, a P/E ratio of 7.31 and a beta of 0.99. Qurate Retail Inc Series A has a one year low of $11.17 and a one year high of $25.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.69 and a current ratio of 1.06.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.25 billion. Qurate Retail Inc Series A had a return on equity of 14.06% and a net margin of 4.22%. Qurate Retail Inc Series A’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 earnings per share. As a group, equities analysts predict that Qurate Retail Inc Series A will post 1.68 EPS for the current year.

In other news, Director John C. Malone bought 800,000 shares of the stock in a transaction dated Monday, May 13th. The stock was bought at an average price of $12.48 per share, for a total transaction of $9,984,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael A. George bought 244,568 shares of the stock in a transaction dated Monday, May 13th. The stock was purchased at an average price of $12.51 per share, with a total value of $3,059,545.68. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 1,144,568 shares of company stock valued at $14,292,546. 0.01% of the stock is currently owned by company insiders.

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

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