Connor Clark & Lunn Investment Management Ltd. trimmed its position in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,200 shares of the company’s stock after selling 1,800 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Qurate Retail Inc Series A were worth $433,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Essex Savings Bank bought a new stake in Qurate Retail Inc Series A during the fourth quarter worth about $26,000. Whittier Trust Co. raised its holdings in Qurate Retail Inc Series A by 797.1% during the fourth quarter. Whittier Trust Co. now owns 1,857 shares of the company’s stock worth $36,000 after acquiring an additional 1,650 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Qurate Retail Inc Series A by 2,384.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,677,510 shares of the company’s stock worth $86,000 after acquiring an additional 1,609,986 shares in the last quarter. Proequities Inc. bought a new stake in Qurate Retail Inc Series A during the third quarter worth about $119,000. Finally, CENTRAL TRUST Co raised its holdings in Qurate Retail Inc Series A by 30.8% during the fourth quarter. CENTRAL TRUST Co now owns 7,826 shares of the company’s stock worth $152,000 after acquiring an additional 1,845 shares in the last quarter. Institutional investors own 86.75% of the company’s stock.

A number of equities analysts have weighed in on QRTEA shares. Evercore ISI started coverage on Qurate Retail Inc Series A in a research report on Wednesday. They set an “in-line” rating and a $20.00 price target on the stock. Citigroup raised Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and boosted their price target for the stock from $19.00 to $21.00 in a research report on Friday, March 8th. Zacks Investment Research downgraded Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. ValuEngine downgraded Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. Finally, Bank of America downgraded Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a research report on Thursday, February 28th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Qurate Retail Inc Series A currently has a consensus rating of “Hold” and a consensus price target of $26.63.

Shares of NASDAQ:QRTEA opened at $17.05 on Thursday. The company has a market cap of $7.52 billion, a P/E ratio of 9.17 and a beta of 0.98. Qurate Retail Inc Series A has a 1 year low of $16.77 and a 1 year high of $26.85. 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 released its earnings results on Wednesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.19). Qurate Retail Inc Series A had a return on equity of 15.39% and a net margin of 4.79%. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts anticipate that Qurate Retail Inc Series A will post 1.86 EPS for the current fiscal year.

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Qurate Retail Inc Series A Profile

Qurate Retail, Inc, through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications to 374 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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