Louisiana State Employees Retirement System Purchases Shares of 58,900 SelectQuote, Inc. (NYSE:SLQT)

Louisiana State Employees Retirement System purchased a new stake in SelectQuote, Inc. (NYSE:SLQTGet Rating) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 58,900 shares of the company’s stock, valued at approximately $43,000.

Several other large investors have also recently bought and sold shares of SLQT. Federated Hermes Inc. increased its holdings in shares of SelectQuote by 183.1% during the second quarter. Federated Hermes Inc. now owns 1,755,961 shares of the company’s stock worth $4,355,000 after purchasing an additional 1,135,702 shares during the period. Invesco Ltd. increased its holdings in shares of SelectQuote by 260.8% during the first quarter. Invesco Ltd. now owns 785,695 shares of the company’s stock worth $2,192,000 after purchasing an additional 567,948 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of SelectQuote by 1,767.8% during the second quarter. Cubist Systematic Strategies LLC now owns 475,434 shares of the company’s stock worth $1,179,000 after purchasing an additional 449,980 shares during the period. BlackRock Inc. increased its holdings in shares of SelectQuote by 2.0% during the first quarter. BlackRock Inc. now owns 19,693,869 shares of the company’s stock worth $54,946,000 after purchasing an additional 387,955 shares during the period. Finally, Atwood & Palmer Inc. increased its holdings in shares of SelectQuote by 1,096.4% during the third quarter. Atwood & Palmer Inc. now owns 218,241 shares of the company’s stock worth $159,000 after purchasing an additional 200,000 shares during the period. 55.32% of the stock is owned by institutional investors.

SelectQuote Trading Down 0.9 %

NYSE SLQT opened at $0.91 on Friday. The firm has a market capitalization of $151.88 million, a price-to-earnings ratio of -0.51 and a beta of 0.90. The firm’s 50 day simple moving average is $0.69 and its 200 day simple moving average is $1.17. SelectQuote, Inc. has a 1 year low of $0.51 and a 1 year high of $8.46.

SelectQuote (NYSE:SLQTGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported ($0.26) earnings per share (EPS) for the quarter. SelectQuote had a negative return on equity of 55.81% and a negative net margin of 37.65%. The firm had revenue of $162.48 million for the quarter.

Analysts Set New Price Targets

Separately, Credit Suisse Group set a $1.00 target price on shares of SelectQuote in a report on Thursday, November 24th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $2.50.

About SelectQuote

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SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related policies, including prescription drugs, dental, vision, and hearing plans; term life policies; and non-commercial auto and home property, and casualty policies.

See Also

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Institutional Ownership by Quarter for SelectQuote (NYSE:SLQT)

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