Ethereum Meta (ETHM) Reaches Market Cap of $754,651.92 | Daily Political

Latisha Jones 2021-10-12 11:10

Qurate Retail logo Seven Eight Capital LP lowered its stake in Qurate Retail, Inc. (NASDAQ:QRTEA) by 82.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,273 shares of the company’s stock after selling 119,850 shares during the period. Seven Eight Capital LP’s holdings in Qurate Retail were worth $331,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Advisory Services Network LLC acquired a new stake in Qurate Retail during the second quarter valued at $32,000. Harvest Fund Management Co. Ltd grew its position in shares of Qurate Retail by 181.0% in the second quarter. Harvest Fund Management Co. Ltd now owns 3,743 shares of the company’s stock valued at $48,000 after purchasing an additional 2,411 shares during the period. Federated Hermes Inc. acquired a new stake in shares of Qurate Retail in the first quarter valued at about $46,000. Financial Management Professionals Inc. acquired a new position in Qurate Retail during the second quarter worth about $71,000. Finally, Pinebridge Investments L.P. boosted its position in Qurate Retail by 86.6% during the first quarter. Pinebridge Investments L.P. now owns 5,614 shares of the company’s stock worth $66,000 after acquiring an additional 2,606 shares during the last quarter. 85.40% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded shares of Qurate Retail from a “hold” rating to a “sell” rating in a research note on Thursday, July 8th.

QRTEA opened at $10.03 on Tuesday. The firm has a market capitalization of $4.08 billion, a P/E ratio of 2.98 and a beta of 1.96. The firm’s 50 day moving average is $10.69 and its 200-day moving average is $11.95. Qurate Retail, Inc. has a 52-week low of $6.47 and a 52-week high of $14.62. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 1.35.

Qurate Retail (NASDAQ:QRTEA) last issued its quarterly earnings data on Friday, August 6th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Qurate Retail had a net margin of 9.76% and a return on equity of 35.75%. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. Equities analysts expect that Qurate Retail, Inc. will post 2.25 earnings per share for the current fiscal year.

In related news, Director Michael A. George sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, October 4th. The stock was sold at an average price of $10.42, for a total value of $1,563,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.65% of the company’s stock.

About Qurate Retail

Qurate Retail, Inc engages in the business of video and on-line commerce industries. It operates through the following segments: QxH; QVC International; and Corporate and Others. The QxH segment include distribution of live programming, 20 hours per day, 364 days per year, to television households. The QVC International segment focuses in Germany, Austria, Japan, the U.K., the Republic of Ireland, and Italy to distribute shopping experience via broadcast networks, websites, mobile applications, and social pages.