Arizona State Retirement System purchased a new stake in Qurate Retail Inc Series A (NASDAQ:QRTEA) during the second quarter, Holdings Channel reports. The firm purchased 176,226 shares of the company’s stock, valued at approximately $3,740,000.

Several other institutional investors have also bought and sold shares of the stock. Eagle Asset Management Inc. purchased a new stake in shares of Qurate Retail Inc Series A in the second quarter valued at approximately $83,581,000. SG Americas Securities LLC purchased a new stake in shares of Qurate Retail Inc Series A in the second quarter valued at approximately $905,000. Guyasuta Investment Advisors Inc. purchased a new stake in shares of Qurate Retail Inc Series A in the second quarter valued at approximately $1,164,000. BBT Capital Management LLC purchased a new stake in shares of Qurate Retail Inc Series A in the second quarter valued at approximately $5,517,000. Finally, FTB Advisors Inc. raised its holdings in Qurate Retail Inc Series A by 1,192.2% during the second quarter. FTB Advisors Inc. now owns 5,311 shares of the company’s stock worth $111,000 after purchasing an additional 4,900 shares during the last quarter. Hedge funds and other institutional investors own 85.14% of the company’s stock.

QRTEA has been the subject of several research reports. Zacks Investment Research cut Qurate Retail Inc Series A from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 9th. Citigroup lifted their price objective on Qurate Retail Inc Series A from $18.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 17th. ValuEngine cut Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Finally, Aegis reaffirmed a “buy” rating and set a $30.00 price objective on shares of Qurate Retail Inc Series A in a report on Monday, May 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $30.60.

NASDAQ QRTEA opened at $20.66 on Wednesday. Qurate Retail Inc Series A has a fifty-two week low of $20.15 and a fifty-two week high of $29.11. The firm has a market capitalization of $9.51 billion, a PE ratio of 6.36, a P/E/G ratio of 0.79 and a beta of 1.34. The company has a quick ratio of 0.57, a current ratio of 1.00 and a debt-to-equity ratio of 1.08.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). Qurate Retail Inc Series A had a return on equity of 21.05% and a net margin of 10.97%. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.23 billion. research analysts predict that Qurate Retail Inc Series A will post 2.07 earnings per share for the current fiscal year.

Qurate Retail Inc Series A Company Profile

Qurate Retail Group, Inc markets and sells various consumer products primarily through live merchandise-focused televised shopping programs, Websites, and mobile applications. The company's Websites offers home, apparel, beauty, accessories, jewelry, and electronics products. It also operates as an online retailer of women's, children's, and men's apparel, and children's merchandise; and home, beauty, and personalized products, as well as retails its products through catalogs, and retail and outlet stores.

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

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