Is Qurate Retail (QRTEA) A Great Investment?

Weitz Investment Management, an investment management firm, published its “Hickory Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. A return of +6.54% was recorded by the fund in the fourth quarter of 2021, outperforming its Russell Midcap benchmark that delivered a +6.44% return. For the calendar year, the Fund returned +20.32% compared to +22.58% for the index. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Weitz Investment Management Hickory Fund in its Q4 2021 investor letter, mentioned Qurate Retail, Inc. (NASDAQ: QRTEA) and discussed its stance on the firm. Qurate Retail, Inc. is a Douglas County, Colorado-based media conglomerate with a $2.7 billion market capitalization. QRTEA delivered a -9.74% return since the beginning of the year, while its 12-month returns are down by -47.71%. The stock closed at $6.86 per share on February 4, 2022.

Here is what Weitz Investment Management Hickory Fund has to say about Qurate Retail, Inc. in its Q4 2021 investor letter:

“Our process is designed to produce allweather portfolios composed of high-quality companies and led by management teams capable of navigating an uncertain future while growing the value of their businesses… We feel good about our prospects for the coming year.Retail sales at Qurate’s QVC and HSN businesses were more impacted by supply chain issues than investors anticipated, but the company continues to trade at an unassuming valuation.”

Pixabay/Public Domain

Our calculations show that Qurate Retail, Inc. (NASDAQ: QRTEA) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. QRTEA was in 34 hedge fund portfolios at the end of the third quarter of 2021, compared to 39 funds in the previous quarter. Qurate Retail, Inc. (NASDAQ: QRTEA) delivered a -28.91% return in the past 3 months.

In November 2021, we also shared another hedge fund’s views on QRTEA in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.