Sigma Investment Counselors Inc. Takes Position in Qurate Retail Inc Series A (NASDAQ:QRTEA)

Sigma Investment Counselors Inc. acquired a new position in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,406 shares of the company’s stock, valued at approximately $96,000.

A number of other institutional investors have also added to or reduced their stakes in QRTEA. Marshall Wace LLP acquired a new position in shares of Qurate Retail Inc Series A in the 1st quarter worth approximately $182,000. MML Investors Services LLC grew its stake in Qurate Retail Inc Series A by 20.0% in the second quarter. MML Investors Services LLC now owns 17,291 shares of the company’s stock valued at $214,000 after acquiring an additional 2,882 shares during the period. HighTower Advisors LLC increased its position in shares of Qurate Retail Inc Series A by 3.6% during the second quarter. HighTower Advisors LLC now owns 57,139 shares of the company’s stock worth $708,000 after acquiring an additional 1,962 shares in the last quarter. US Bancorp DE boosted its position in shares of Qurate Retail Inc Series A by 28.1% during the second quarter. US Bancorp DE now owns 50,090 shares of the company’s stock valued at $620,000 after buying an additional 10,983 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Qurate Retail Inc Series A by 3.6% during the 2nd quarter. BlackRock Inc. now owns 21,551,472 shares of the company’s stock worth $267,023,000 after acquiring an additional 757,262 shares during the last quarter. 90.55% of the stock is owned by institutional investors.

Shares of QRTEA opened at $9.19 on Wednesday. Qurate Retail Inc Series A has a 12-month low of $7.64 and a 12-month high of $22.29. The company has a current ratio of 1.14, a quick ratio of 0.64 and a debt-to-equity ratio of 1.33. The company has a market cap of $3.68 billion, a PE ratio of -11.07, a price-to-earnings-growth ratio of 0.47 and a beta of 1.10. The stock has a 50-day moving average price of $8.41 and a 200-day moving average price of $10.41.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its earnings results on Monday, November 11th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.12 billion. Qurate Retail Inc Series A had a negative net margin of 2.37% and a positive return on equity of 14.94%. Qurate Retail Inc Series A’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 earnings per share. As a group, analysts predict that Qurate Retail Inc Series A will post 1.92 earnings per share for the current year.

QRTEA has been the subject of a number of research analyst reports. Evercore ISI restated a “hold” rating on shares of Qurate Retail Inc Series A in a report on Wednesday, November 13th. ValuEngine raised shares of Qurate Retail Inc Series A from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Craig Hallum decreased their price target on shares of Qurate Retail Inc Series A from $24.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. UBS Group lowered their price target on shares of Qurate Retail Inc Series A from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, Zacks Investment Research downgraded Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Qurate Retail Inc Series A presently has a consensus rating of “Hold” and a consensus target price of $16.83.

In related news, insider Albert E. Rosenthaler sold 58,992 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.32, for a total transaction of $490,813.44. Following the completion of the sale, the insider now directly owns 152,118 shares in the company, valued at approximately $1,265,621.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.01% of the company’s stock.

Qurate Retail Inc Series A Company Profile

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.

Further Reading: Cash Flow

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

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