Qurate Retail Inc Series A Sees Unusually Large Options Volume (QRTEA)

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Qurate Retail Inc Series A (NASDAQ:QRTEA) saw unusually large options trading activity on Thursday. Traders acquired 7,717 put options on the stock. This represents an increase of 892% compared to the average volume of 778 put options.

A number of research firms recently weighed in on QRTEA. Citigroup raised shares of Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and raised their target price for the company from $19.00 to $21.00 in a research report on Friday, March 8th. Evercore ISI began coverage on shares of Qurate Retail Inc Series A in a report on Wednesday, March 20th. They set an “in-line” rating and a $20.00 price objective on the stock. ValuEngine downgraded shares of 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 shares of Qurate Retail Inc Series A to $25.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Finally, Bank of America downgraded shares of Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a report on Thursday, February 28th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $25.43.

QRTEA traded up $0.26 during trading on Friday, hitting $13.57. 234,002 shares of the company’s stock were exchanged, compared to its average volume of 3,641,244. The company has a current ratio of 1.02, a quick ratio of 0.69 and a debt-to-equity ratio of 1.07. 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 market cap of $5.54 billion, a price-to-earnings ratio of 7.29 and a beta of 0.99.

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

In related news, Director John C. Malone acquired 800,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average cost of $12.48 per share, for a total transaction of $9,984,000.00. 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 acquired 244,568 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $12.51 per share, for a total transaction of $3,059,545.68. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,144,568 shares of company stock worth $14,292,546. Company insiders own 0.01% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nissay Asset Management Corp Japan ADV lifted its position in Qurate Retail Inc Series A by 1.4% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 33,864 shares of the company’s stock valued at $661,000 after buying an additional 465 shares during the period. Creative Planning raised its position in Qurate Retail Inc Series A by 3.7% in the fourth quarter. Creative Planning now owns 13,417 shares of the company’s stock valued at $262,000 after purchasing an additional 473 shares during the period. CIBC Private Wealth Group LLC raised its position in Qurate Retail Inc Series A by 2.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 25,643 shares of the company’s stock valued at $501,000 after purchasing an additional 605 shares during the period. Wrapmanager Inc. raised its position in Qurate Retail Inc Series A by 4.6% in the first quarter. Wrapmanager Inc. now owns 18,174 shares of the company’s stock valued at $290,000 after purchasing an additional 803 shares during the period. Finally, Advisors Asset Management Inc. raised its position in Qurate Retail Inc Series A by 5.9% in the first quarter. Advisors Asset Management Inc. now owns 18,249 shares of the company’s stock valued at $292,000 after purchasing an additional 1,009 shares during the period. Hedge funds and other institutional investors own 87.86% of the company’s stock.

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

See Also: Retained Earnings

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