Parametrica Management Ltd Takes $625,000 Position in Qurate Retail Inc Series A (QRTEA)

Share on StockTwits

Parametrica Management Ltd acquired a new position in shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) in the 1st quarter, Holdings Channel reports. The firm acquired 39,139 shares of the company’s stock, valued at approximately $625,000. Qurate Retail Inc Series A makes up approximately 1.3% of Parametrica Management Ltd’s holdings, making the stock its 2nd largest position.

A number of other large investors have also recently bought and sold shares of QRTEA. Essex Savings Bank acquired a new position in shares of Qurate Retail Inc Series A during the 4th quarter worth approximately $26,000. QS Investors LLC acquired a new position in shares of Qurate Retail Inc Series A during the 4th quarter worth approximately $26,000. Whittier Trust Co. boosted its holdings in shares of Qurate Retail Inc Series A by 797.1% during the 4th quarter. Whittier Trust Co. now owns 1,857 shares of the company’s stock worth $36,000 after purchasing an additional 1,650 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of Qurate Retail Inc Series A during the 4th quarter worth approximately $36,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Qurate Retail Inc Series A by 5,205.5% during the 1st quarter. Quadrant Capital Group LLC now owns 2,918 shares of the company’s stock worth $46,000 after purchasing an additional 2,863 shares during the last quarter. Institutional investors own 87.86% of the company’s stock.

In other news, Chairman Gregory B. Maffei purchased 100,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average cost of $12.49 per share, for a total transaction of $1,249,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael A. George purchased 244,568 shares of the stock in a transaction dated Monday, May 13th. The shares were purchased at an average price of $12.51 per share, with a total value of $3,059,545.68. The disclosure for this purchase can be found here. Insiders purchased 1,144,568 shares of company stock valued at $14,292,546 over the last quarter. 0.01% of the stock is currently owned by company insiders.

QRTEA has been the topic of several recent research reports. Zacks Investment Research cut Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Bank of America cut Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a report on Thursday, February 28th. ValuEngine cut Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. DA Davidson lowered their price objective on Qurate Retail Inc Series A to $25.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Finally, Citigroup upgraded Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and increased their price objective for the stock from $19.00 to $21.00 in a research report on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.43.

Shares of Qurate Retail Inc Series A stock opened at $13.12 on Friday. The company has a market capitalization of $5.54 billion, a P/E ratio of 7.05 and a beta of 0.99. Qurate Retail Inc Series A has a fifty-two week low of $11.17 and a fifty-two week high of $25.03. The company has a quick ratio of 0.69, a current ratio of 1.02 and a debt-to-equity ratio of 1.07.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Qurate Retail Inc Series A had a return on equity of 14.19% and a net margin of 4.22%. The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. Equities research analysts predict that Qurate Retail Inc Series A will post 1.68 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Week Herald and is owned by of Week Herald. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://weekherald.com/2019/05/17/parametrica-management-ltd-takes-625000-position-in-qurate-retail-inc-series-a-qrtea.html.

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. The company markets and sells various consumer products primarily through live video programs, Websites, and mobile applications to 404 million households worldwide each day.

Featured Article: How Short Selling Works

Want to see what other hedge funds are holding QRTEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qurate Retail Inc Series A (NASDAQ:QRTEA).

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

Receive News & Ratings for Qurate Retail Inc Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qurate Retail Inc Series A and related companies with MarketBeat.com's FREE daily email newsletter.