Alpha Windward LLC Invests $542,000 in Qurate Retail Inc Series A (QRTEA) Stock

Alpha Windward LLC purchased a new stake in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 24,420 shares of the company’s stock, valued at approximately $542,000.

A number of other large investors also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its holdings in Qurate Retail Inc Series A by 23.6% during the third quarter. Nisa Investment Advisors LLC now owns 68,330 shares of the company’s stock valued at $1,518,000 after purchasing an additional 13,050 shares during the period. RWC Asset Management LLP grew its holdings in Qurate Retail Inc Series A by 12.8% during the third quarter. RWC Asset Management LLP now owns 273,751 shares of the company’s stock valued at $6,080,000 after purchasing an additional 31,137 shares during the period. Raymond James Trust N.A. grew its holdings in Qurate Retail Inc Series A by 23.9% during the third quarter. Raymond James Trust N.A. now owns 21,680 shares of the company’s stock valued at $482,000 after purchasing an additional 4,177 shares during the period. Andra AP fonden boosted its stake in shares of Qurate Retail Inc Series A by 2.0% in the third quarter. Andra AP fonden now owns 275,600 shares of the company’s stock worth $6,121,000 after acquiring an additional 5,300 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of Qurate Retail Inc Series A by 8.9% in the third quarter. Bank of Montreal Can now owns 60,043 shares of the company’s stock worth $1,334,000 after acquiring an additional 4,919 shares during the period. 85.13% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Michael A. George bought 220,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The shares were bought at an average cost of $20.40 per share, for a total transaction of $4,500,240.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark C. Vadon sold 122,574 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $22.05, for a total value of $2,702,756.70. The disclosure for this sale can be found here. 0.01% of the stock is currently owned by insiders.

NASDAQ:QRTEA opened at $22.00 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.57 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $10.22 billion, a P/E ratio of 6.77, a PEG ratio of 2.11 and a beta of 1.27. Qurate Retail Inc Series A has a 12 month low of $20.00 and a 12 month high of $29.11.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its earnings results on Wednesday, August 8th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Qurate Retail Inc Series A had a return on equity of 21.05% and a net margin of 10.97%. On average, equities research analysts anticipate that Qurate Retail Inc Series A will post 2.03 EPS for the current year.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. ValuEngine raised Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Aegis reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Qurate Retail Inc Series A in a research note on Tuesday, August 21st. Finally, Citigroup upped their price objective on Qurate Retail Inc Series A from $18.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, August 17th. Three research analysts have rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $30.60.

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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