Menta Capital LLC Acquires New Position in Qurate Retail Inc Series A (QRTEA)

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Menta Capital LLC acquired a new stake in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,726 shares of the company’s stock, valued at approximately $268,000.

Several other large investors have also recently modified their holdings of QRTEA. Dodge & Cox grew its holdings in Qurate Retail Inc Series A by 35.3% in the third quarter. Dodge & Cox now owns 52,572,349 shares of the company’s stock worth $1,167,632,000 after purchasing an additional 13,722,089 shares during the period. Lyrical Asset Management LP grew its holdings in shares of Qurate Retail Inc Series A by 7.8% during the third quarter. Lyrical Asset Management LP now owns 11,479,677 shares of the company’s stock valued at $254,964,000 after buying an additional 826,293 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Qurate Retail Inc Series A by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,078,408 shares of the company’s stock valued at $138,170,000 after buying an additional 49,418 shares during the last quarter. Makaira Partners LLC grew its holdings in shares of Qurate Retail Inc Series A by 4.1% during the third quarter. Makaira Partners LLC now owns 6,754,597 shares of the company’s stock valued at $150,020,000 after buying an additional 266,500 shares during the last quarter. Finally, New South Capital Management Inc. grew its holdings in shares of Qurate Retail Inc Series A by 1.6% during the third quarter. New South Capital Management Inc. now owns 5,171,488 shares of the company’s stock valued at $114,859,000 after buying an additional 79,370 shares during the last quarter. 86.75% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. Evercore ISI assumed coverage on shares of Qurate Retail Inc Series A in a research report on Wednesday. They set a $20.00 price objective on the stock. Citigroup upgraded shares of Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and increased their price objective for the company from $19.00 to $21.00 in a research report on Friday, March 8th. Zacks Investment Research downgraded shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. ValuEngine downgraded shares of 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 shares of Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a research report on Thursday, February 28th. Three analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $26.63.

QRTEA opened at $17.00 on Wednesday. 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 has a 1-year low of $16.94 and a 1-year high of $27.14. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 9.14 and a beta of 0.98.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its quarterly earnings results on Wednesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the previous year, the business posted $0.42 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. On average, equities analysts anticipate that Qurate Retail Inc Series A will post 1.86 EPS for the current year.

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About Qurate Retail Inc Series A

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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