Sei Investments Co. reduced its stake in shares of SelectQuote, Inc. (NYSE:SLQT – Free Report) by 16.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 25,598 shares of the company’s stock after selling 5,184 shares during the period. Sei Investments Co.’s holdings in SelectQuote were worth $71,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its stake in shares of SelectQuote by 229.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,161,593 shares of the company’s stock valued at $2,323,000 after acquiring an additional 808,850 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of SelectQuote by 6.5% during the second quarter. Renaissance Technologies LLC now owns 726,997 shares of the company’s stock valued at $2,007,000 after buying an additional 44,397 shares during the period. Bank of New York Mellon Corp increased its position in shares of SelectQuote by 14.1% during the second quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company’s stock valued at $1,305,000 after buying an additional 58,481 shares during the period. Panagora Asset Management Inc. increased its position in shares of SelectQuote by 85.5% during the second quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company’s stock valued at $1,132,000 after buying an additional 189,029 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of SelectQuote by 158.8% during the second quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company’s stock valued at $768,000 after buying an additional 170,726 shares during the period. 34.59% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Craig Hallum started coverage on shares of SelectQuote in a report on Monday, September 30th. They set a “buy” rating and a $4.50 price target on the stock.
SelectQuote Stock Up 5.4 %
Shares of SelectQuote stock opened at $2.25 on Friday. The company has a market cap of $384.93 million, a price-to-earnings ratio of -10.69 and a beta of 1.05. The company’s 50 day moving average is $2.91 and its 200 day moving average is $2.79. SelectQuote, Inc. has a twelve month low of $1.03 and a twelve month high of $4.46. The company has a quick ratio of 6.84, a current ratio of 6.84 and a debt-to-equity ratio of 2.01.
SelectQuote (NYSE:SLQT – Get Free Report) last announced its quarterly earnings data on Friday, September 13th. The company reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $307.21 million during the quarter. SelectQuote had a negative return on equity of 10.37% and a negative net margin of 2.58%. Research analysts anticipate that SelectQuote, Inc. will post -0.16 EPS for the current year.
SelectQuote Profile
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 products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.
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