Millennium Management LLC Sells 42,124 Shares of SelectQuote, Inc. (NYSE:SLQT)

Millennium Management LLC trimmed its holdings in SelectQuote, Inc. (NYSE:SLQT) by 46.4% in the 4th quarter, Holdings Channel reports. The fund owned 48,724 shares of the company’s stock after selling 42,124 shares during the quarter. Millennium Management LLC’s holdings in SelectQuote were worth $181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Bank of Montreal Can lifted its position in shares of SelectQuote by 1.3% in the 4th quarter. Bank of Montreal Can now owns 202,675 shares of the company’s stock worth $754,000 after acquiring an additional 2,674 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in SelectQuote by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,907 shares of the company’s stock worth $286,000 after purchasing an additional 3,352 shares during the period. Invesco Ltd. boosted its stake in SelectQuote by 1.7% during the fourth quarter. Invesco Ltd. now owns 225,293 shares of the company’s stock worth $838,000 after buying an additional 3,776 shares in the last quarter. Rhumbline Advisers increased its holdings in SelectQuote by 2.6% in the 4th quarter. Rhumbline Advisers now owns 209,743 shares of the company’s stock valued at $780,000 after buying an additional 5,235 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of SelectQuote by 16.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,819 shares of the company’s stock valued at $193,000 after buying an additional 7,322 shares in the last quarter. 34.59% of the stock is owned by institutional investors.

SelectQuote Trading Down 0.4%

Shares of SLQT opened at $2.25 on Friday. The stock’s fifty day simple moving average is $2.67 and its 200-day simple moving average is $3.47. The firm has a market capitalization of $388.62 million, a PE ratio of -25.00 and a beta of 1.11. SelectQuote, Inc. has a 12-month low of $1.62 and a 12-month high of $6.86. The company has a quick ratio of 6.36, a current ratio of 6.36 and a debt-to-equity ratio of 2.10.

SelectQuote (NYSE:SLQT) last issued its earnings results on Monday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. The business had revenue of $408.16 million for the quarter, compared to the consensus estimate of $412.83 million. As a group, research analysts predict that SelectQuote, Inc. will post -0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group assumed coverage on shares of SelectQuote in a research note on Wednesday, May 21st. They set a “hold” rating and a $2.75 price target for the company.

About SelectQuote

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.