Quadrature Capital Ltd Has $75,000 Holdings in SelectQuote, Inc. (NYSE:SLQT)

Quadrature Capital Ltd decreased its holdings in SelectQuote, Inc. (NYSE:SLQT) by 85.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 34,605 shares of the company’s stock after selling 199,439 shares during the quarter. Quadrature Capital Ltd’s holdings in SelectQuote were worth $75,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. TFB Advisors LLC bought a new stake in shares of SelectQuote in the second quarter worth $29,000. Mason Investment Advisory Services Inc. boosted its position in shares of SelectQuote by 33.3% during the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock worth $43,000 after acquiring an additional 5,000 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of SelectQuote by 18.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock valued at $83,000 after purchasing an additional 6,555 shares during the last quarter. Intech Investment Management LLC bought a new position in SelectQuote in the third quarter valued at about $123,000. Finally, Algert Global LLC lifted its holdings in SelectQuote by 147.1% during the 2nd quarter. Algert Global LLC now owns 50,429 shares of the company’s stock worth $139,000 after buying an additional 30,019 shares during the period. 34.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SLQT has been the subject of a number of research analyst reports. Craig Hallum started coverage on SelectQuote in a report on Monday, September 30th. They issued a “buy” rating and a $4.50 target price for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $4.00 price target on shares of SelectQuote in a research report on Friday, November 22nd.

SelectQuote Stock Performance

Shares of SelectQuote stock opened at $2.79 on Friday. The firm has a market capitalization of $478.50 million, a P/E ratio of -9.96 and a beta of 1.22. SelectQuote, Inc. has a 12 month low of $1.03 and a 12 month high of $4.46. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 2.36. The business’s fifty day simple moving average is $2.42 and its 200 day simple moving average is $2.89.

SelectQuote (NYSE:SLQT) last released its earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. The company had revenue of $292.26 million during the quarter, compared to analysts’ expectations of $275.15 million. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. As a group, analysts anticipate that SelectQuote, Inc. will post -0.2 EPS for the current year.

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.