First Manhattan Co. Has $2.48 Million Holdings in Qurate Retail Inc Series A (QRTEA)

First Manhattan Co. cut its holdings in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,774 shares of the company’s stock after selling 3,075 shares during the quarter. First Manhattan Co.’s holdings in Qurate Retail Inc Series A were worth $2,482,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of QRTEA. Signaturefd LLC bought a new stake in Qurate Retail Inc Series A during the 2nd quarter worth about $106,000. FTB Advisors Inc. raised its holdings in shares of Qurate Retail Inc Series A by 1,192.2% in the 2nd quarter. FTB Advisors Inc. now owns 5,311 shares of the company’s stock valued at $111,000 after purchasing an additional 4,900 shares during the period. CENTRAL TRUST Co raised its holdings in shares of Qurate Retail Inc Series A by 204.4% in the 3rd quarter. CENTRAL TRUST Co now owns 5,981 shares of the company’s stock valued at $133,000 after purchasing an additional 4,016 shares during the period. Bronfman E.L. Rothschild L.P. bought a new stake in shares of Qurate Retail Inc Series A in the 2nd quarter valued at about $159,000. Finally, Icon Wealth Partners LLC bought a new stake in shares of Qurate Retail Inc Series A in the 2nd quarter valued at about $161,000. 85.14% of the stock is currently owned by hedge funds and other institutional investors.

Qurate Retail Inc Series A stock opened at $22.15 on Friday. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 6.81, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a current ratio of 1.00, a quick ratio of 0.57 and a debt-to-equity ratio of 1.08. Qurate Retail Inc Series A has a twelve month low of $20.00 and a twelve month high of $29.11.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.23 billion. Qurate Retail Inc Series A had a net margin of 10.97% and a return on equity of 21.05%. As a group, equities analysts forecast that Qurate Retail Inc Series A will post 2.03 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on QRTEA. Zacks Investment Research cut shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Aegis reaffirmed a “buy” rating and issued a $30.00 target price on shares of Qurate Retail Inc Series A in a report on Tuesday, August 21st. ValuEngine cut shares of Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a report on Thursday, August 23rd. Finally, Citigroup upped their target price on shares of Qurate Retail Inc Series A from $18.00 to $19.00 and gave the company a “sell” rating in a report on Friday, August 17th. Three investment analysts have rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $30.60.

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

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. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications to 374 million households worldwide each day.

Further Reading: Buyback

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

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