MassMutual Private Wealth & Trust FSB Invests in Qurate Retail, Inc.

On January 24, 2025, it was reported that MassMutual Private Wealth & Trust FSB has taken a new position in Qurate Retail, Inc. (NASDAQ:QRTEA) during the fourth quarter, as detailed in its latest 13F filing with the SEC. The firm acquired a total of 472,917 shares of Qurate Retail, which amounts to an investment of approximately $156,000.

Other institutional investors have also been active in trading Qurate Retail shares. Wittenberg Investment Management Inc. has increased its stake in the company by 16.8% during the third quarter, resulting in ownership of 4,073,857 shares valued at $2,485,000 after acquiring an additional 587,027 shares. Geode Capital Management LLC has raised its holdings by 4.6% during the same quarter and now owns 3,824,936 shares worth $2,334,000 after acquiring an extra 168,109 shares. Meanwhile, Renaissance Technologies LLC showed a significant increase of 867.1% in its holdings during the second quarter, bringing its total to 3,564,255 shares worth $2,245,000 after acquiring another 3,195,694 shares. Assenagon Asset Management S.A. also increased its position by 25.8% in the third quarter. Lastly, GSA Capital Partners LLP acquired a new stake in Qurate Retail in the third quarter valued at $714,000. Currently, 64.10% of Qurate Retail stock is owned by institutional investors and hedge funds.

Stock Performance of Qurate Retail

As of Friday, shares of NASDAQ:QRTEA opened at $0.38. Over the past year, the stock has seen a low of $0.31 and a high of $1.80. The company's fifty-day simple moving average is recorded at $0.37, while the 200-day simple moving average stands at $0.52. Qurate Retail has a market capitalization of $149.21 million and exhibits a PE ratio of -0.53, alongside a beta of 2.68. The company reports a current ratio of 1.22, a quick ratio of 0.73, and a high debt-to-equity ratio of 8.74.

Latest Earnings Report

In its latest earnings announcement on November 7, Qurate Retail reported an earnings per share of ($0.06). The company's revenue for the quarter reached $2.34 billion. Notably, Qurate Retail achieved a positive return on equity of 23.22%, though it did report a negative net margin of 2.71%.

Analysts' Perspective

Following recent activity, StockNews.com initiated coverage on Qurate Retail and assigned a "hold" rating on the stock on January 18.

About Qurate Retail

Qurate Retail, Inc. operates in the video and online commerce sectors across North America, Europe, and Asia. The company markets various consumer products mainly through televised shopping channels, internet platforms, and mobile applications. It functions as an online retailer, offering apparel for women, children, and men, alongside an array of products such as home goods, accessories, and beauty products via its mobile app and websites.

Investment, Stock, Retail