Qurate Retail Inc Series A (QRTEA) Shares Sold by Mackay Shields LLC

Mackay Shields LLC decreased its stake in Qurate Retail Inc Series A (NASDAQ:QRTEA) by 48.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 296,862 shares of the company’s stock after selling 273,907 shares during the quarter. Mackay Shields LLC owned approximately 0.07% of Qurate Retail Inc Series A worth $5,795,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Nissay Asset Management Corp Japan ADV lifted its position in Qurate Retail Inc Series A by 1.4% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 33,864 shares of the company’s stock worth $661,000 after buying an additional 465 shares in the last quarter. Creative Planning increased its stake in shares of Qurate Retail Inc Series A by 3.7% during the 4th quarter. Creative Planning now owns 13,417 shares of the company’s stock worth $262,000 after purchasing an additional 473 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Qurate Retail Inc Series A by 2.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 25,643 shares of the company’s stock worth $501,000 after purchasing an additional 605 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Qurate Retail Inc Series A by 4.5% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 27,373 shares of the company’s stock worth $534,000 after purchasing an additional 1,169 shares during the last quarter. Finally, QS Investors LLC acquired a new position in shares of Qurate Retail Inc Series A during the 4th quarter worth $26,000. Institutional investors own 86.75% of the company’s stock.

NASDAQ:QRTEA opened at $17.00 on Wednesday. Qurate Retail Inc Series A has a 1 year low of $16.94 and a 1 year high of $27.14. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $7.52 billion, a P/E ratio of 9.14 and a beta of 0.98.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its quarterly earnings results on Wednesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.19). The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.40 billion. Qurate Retail Inc Series A had a return on equity of 15.39% and a net margin of 4.79%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. Research analysts forecast that Qurate Retail Inc Series A will post 1.86 EPS for the current year.

Several research analysts have recently commented on the stock. Citigroup upgraded shares of Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and increased their price target for the stock from $19.00 to $21.00 in a research note on Friday, March 8th. Zacks Investment Research lowered shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. DA Davidson lowered their target price on shares of Qurate Retail Inc Series A to $25.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. ValuEngine lowered shares of Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. Finally, Bank of America lowered shares of Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a research note on Thursday, February 28th. Three research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $26.63.

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About Qurate Retail Inc Series A

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.

Read More: Institutional Investors

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

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