Qurate Retail Inc Series A (NASDAQ:QRTEA) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 28,327,000 shares, an increase of 13.1% from the July 31st total of 25,047,100 shares. Based on an average daily volume of 3,920,000 shares, the days-to-cover ratio is presently 7.2 days. Approximately 7.5% of the shares of the company are sold short.

A number of large investors have recently added to or reduced their stakes in QRTEA. BlackRock Inc. increased its position in shares of 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 valued at $267,023,000 after purchasing an additional 757,262 shares during the last quarter. Cresset Asset Management LLC increased its position in shares of Qurate Retail Inc Series A by 29,505.6% during the 2nd quarter. Cresset Asset Management LLC now owns 595,073 shares of the company’s stock valued at $7,373,000 after purchasing an additional 593,063 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of Qurate Retail Inc Series A by 29.6% during the 2nd quarter. Kovitz Investment Group Partners LLC now owns 287,718 shares of the company’s stock valued at $3,565,000 after purchasing an additional 65,703 shares during the last quarter. Magnetar Financial LLC increased its position in shares of Qurate Retail Inc Series A by 12.1% during the 2nd quarter. Magnetar Financial LLC now owns 11,594 shares of the company’s stock valued at $144,000 after purchasing an additional 1,248 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Qurate Retail Inc Series A by 38.6% during the 2nd quarter. Royal Bank of Canada now owns 403,016 shares of the company’s stock valued at $4,993,000 after purchasing an additional 112,267 shares during the last quarter. 90.80% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ QRTEA traded down $0.05 during trading hours on Friday, reaching $11.54. The company’s stock had a trading volume of 358,879 shares, compared to its average volume of 3,834,856. The firm’s 50-day moving average price is $12.25 and its 200-day moving average price is $14.40. The company has a quick ratio of 0.64, a current ratio of 1.11 and a debt-to-equity ratio of 1.11. Qurate Retail Inc Series A has a 1 year low of $10.01 and a 1 year high of $25.03. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 6.22, a PEG ratio of 0.60 and a beta of 1.19.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.06. Qurate Retail Inc Series A had a return on equity of 14.15% and a net margin of 3.75%. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the previous year, the firm earned $0.46 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year. Equities research analysts anticipate that Qurate Retail Inc Series A will post 1.7 EPS for the current fiscal year.

A number of research analysts have recently weighed in on QRTEA shares. Zacks Investment Research cut Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th. DA Davidson set a $16.00 price objective on Qurate Retail Inc Series A and gave the company a “buy” rating in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.17.

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.

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