260,000 Shares in Qurate Retail Inc Series A (QRTEA) Purchased by BBT Capital Management LLC

BBT Capital Management LLC acquired a new stake in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 260,000 shares of the company’s stock, valued at approximately $5,517,000. Qurate Retail Inc Series A accounts for 2.4% of BBT Capital Management LLC’s portfolio, making the stock its 13th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FTB Advisors Inc. lifted its holdings in shares of 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 valued at $111,000 after acquiring an additional 4,900 shares during the period. LS Investment Advisors LLC bought a new position in shares of Qurate Retail Inc Series A during the second quarter valued at $165,000. South Street Advisors LLC bought a new position in shares of Qurate Retail Inc Series A during the first quarter valued at $237,000. Fox Run Management L.L.C. bought a new position in shares of Qurate Retail Inc Series A during the second quarter valued at $201,000. Finally, Parametrica Management Ltd bought a new position in shares of Qurate Retail Inc Series A during the second quarter valued at $209,000. 85.31% of the stock is owned by institutional investors.

A number of research analysts have issued reports on QRTEA shares. Zacks Investment Research raised Qurate Retail Inc Series A from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, May 1st. Aegis reissued 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. B. Riley cut their price objective on Qurate Retail Inc Series A from $33.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 22nd. FBN Securities raised Qurate Retail Inc Series A from a “sector perform” rating to an “outperform” rating and set a $32.41 price objective for the company in a report on Tuesday, April 24th. Finally, ValuEngine cut Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Friday, May 11th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $30.49.

Shares of NASDAQ:QRTEA opened at $22.34 on Tuesday. Qurate Retail Inc Series A has a twelve month low of $20.15 and a twelve month high of $29.11. The firm has a market capitalization of $10.69 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 0.71.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its 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 net margin of 10.97% and a return on equity of 21.05%. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.23 billion. equities analysts anticipate that Qurate Retail Inc Series A will post 2.07 earnings per share for the current year.

Qurate Retail Inc Series A 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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