Dupont Capital Management Corp Decreases Stock Position in Qurate Retail, Inc. (NASDAQ:QRTEA)

Posted by on Apr 15th, 2023

Dupont Capital Management Corp cut its stake in Qurate Retail, Inc. (NASDAQ:QRTEA – Get Rating) by 47.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,647 shares of the company’s stock after selling 38,216 shares during the period. Dupont Capital Management Corp’s holdings in Qurate Retail were worth $70,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Qurate Retail by 40.5% in the first quarter. JPMorgan Chase & Co. now owns 701,293 shares of the company’s stock valued at $3,338,000 after buying an additional 202,146 shares in the last quarter. Raymond James & Associates raised its stake in Qurate Retail by 9.1% in the first quarter. Raymond James & Associates now owns 276,394 shares of the company’s stock valued at $1,316,000 after buying an additional 23,023 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Qurate Retail by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 1,496,033 shares of the company’s stock valued at $7,121,000 after buying an additional 11,991 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Qurate Retail by 25.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,301 shares of the company’s stock valued at $182,000 after buying an additional 7,856 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Qurate Retail by 110.5% in the first quarter. Bank of Montreal Can now owns 27,898 shares of the company’s stock valued at $136,000 after buying an additional 14,642 shares in the last quarter. 82.06% of the stock is currently owned by hedge funds and other institutional investors.

Qurate Retail Stock Performance

Shares of QRTEA stock opened at $0.80 on Friday. Qurate Retail, Inc. has a 52-week low of $0.78 and a 52-week high of $4.78. The stock’s 50-day moving average price is $1.46 and its 200 day moving average price is $1.85. The stock has a market capitalization of $306.49 million, a PE ratio of -0.12 and a beta of 1.92. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 10.52.

Qurate Retail (NASDAQ:QRTEA – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.19). Qurate Retail had a negative net margin of 21.43% and a positive return on equity of 3.28%. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the prior year, the firm posted $0.40 EPS. Qurate Retail’s revenue for the quarter was down 13.1% compared to the same quarter last year. As a group, equities research analysts forecast that Qurate Retail, Inc. will post 0.02 EPS for the current year.

Insider Transactions at Qurate Retail

In other news, CEO David Rawlinson sold 89,300 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $0.92, for a total transaction of $82,156.00. Following the sale, the chief executive officer now owns 372,004 shares of the company’s stock, valued at approximately $342,243.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 117,500 shares of company stock valued at $108,100 in the last quarter. 11.63% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Qurate Retail in a research report on Thursday, March 16th. They set a “sell” rating on the stock.

About Qurate Retail

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Qurate Retail, Inc engages in the business of video and online commerce industries. It operates through the following segments: QxH, QVC International and CBI. The QxH segment markets and sells a wide variety of consumer products in the U.S., primarily by means of its televised shopping programs and via the Internet through their websites and mobile applications.

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

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