Alera Investment Advisors LLC Acquires 2,345 Shares of Qurate Retail Inc Series A (NASDAQ:QRTEA)

Alera Investment Advisors LLC increased its holdings in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 1,196.4% during the first quarter, HoldingsChannel.com reports. The fund owned 2,541 shares of the company’s stock after buying an additional 2,345 shares during the period. Alera Investment Advisors LLC’s holdings in Qurate Retail Inc Series A were worth $41,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. QS Investors LLC acquired a new position in Qurate Retail Inc Series A in the 4th quarter valued at $26,000. Whittier Trust Co. increased its stake in 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 valued at $36,000 after buying an additional 1,650 shares during the period. Princeton Global Asset Management LLC acquired a new position in Qurate Retail Inc Series A in the 4th quarter valued at $36,000. Quadrant Capital Group LLC increased its stake in 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 valued at $46,000 after buying an additional 2,863 shares during the period. Finally, Zions Bancorporation N.A. increased its stake in Qurate Retail Inc Series A by 61.0% in the 1st quarter. Zions Bancorporation N.A. now owns 3,279 shares of the company’s stock valued at $53,000 after buying an additional 1,242 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

QRTEA has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Craig Hallum reaffirmed a “buy” rating and set a $24.00 price target (down from $30.00) on shares of Qurate Retail Inc Series A in a research note on Monday, May 13th. Bank of America cut shares of Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a research note on Thursday, February 28th. DA Davidson lowered their price target on shares of Qurate Retail Inc Series A to $25.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Finally, ValuEngine cut shares of Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.67.

Qurate Retail Inc Series A stock opened at $13.00 on Thursday. Qurate Retail Inc Series A has a 52 week low of $11.17 and a 52 week high of $25.03. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 1.02. The stock has a market capitalization of $5.54 billion, a P/E ratio of 6.99 and a beta of 1.19.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). Qurate Retail Inc Series A had a return on equity of 14.19% and a net margin of 4.22%. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Qurate Retail Inc Series A’s quarterly revenue was down 4.5% on a year-over-year basis. Analysts forecast that Qurate Retail Inc Series A will post 1.68 EPS for the current fiscal year.

In other news, Director John C. Malone bought 800,000 shares of Qurate Retail Inc Series A stock in a transaction on Monday, May 13th. The shares were bought at an average cost of $12.48 per share, for a total transaction of $9,984,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Gregory B. Maffei bought 100,000 shares of Qurate Retail Inc Series A stock in a transaction on Tuesday, May 14th. The stock was purchased at an average price of $12.49 per share, for a total transaction of $1,249,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 1,144,568 shares of company stock worth $14,292,546 over the last quarter. Insiders own 0.01% of the company’s stock.

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

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