SG Americas Securities LLC Grows Position in SelectQuote, Inc. (NYSE:SLQT)

SG Americas Securities LLC increased its position in SelectQuote, Inc. (NYSE:SLQT) by 97.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,848 shares of the company’s stock after purchasing an additional 40,884 shares during the period. SG Americas Securities LLC’s holdings in SelectQuote were worth $180,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SLQT. Algert Global LLC grew its position in shares of SelectQuote by 147.1% in 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. AQR Capital Management LLC boosted its stake in SelectQuote by 111.7% during the second quarter. AQR Capital Management LLC now owns 88,937 shares of the company’s stock worth $245,000 after acquiring an additional 46,919 shares in the last quarter. Bank of Montreal Can purchased a new stake in SelectQuote in the second quarter worth about $545,000. Renaissance Technologies LLC lifted its holdings 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 purchasing an additional 44,397 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of SelectQuote by 158.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company’s stock worth $768,000 after purchasing an additional 170,726 shares in the last quarter. Institutional investors own 34.59% of the company’s stock.

SelectQuote Price Performance

Shares of SLQT opened at $1.84 on Thursday. SelectQuote, Inc. has a twelve month low of $1.03 and a twelve month high of $4.46. The company has a market capitalization of $310.41 million, a P/E ratio of -5.73 and a beta of 1.05. The firm has a 50 day moving average of $2.73 and a 200 day moving average of $2.80. 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) last posted its earnings results on Friday, September 13th. The company reported ($0.18) EPS for the quarter. SelectQuote had a negative return on equity of 10.37% and a negative net margin of 2.58%. The business had revenue of $307.21 million during the quarter. As a group, equities research analysts anticipate that SelectQuote, Inc. will post -0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Craig Hallum started coverage on shares of SelectQuote in a research note on Monday, September 30th. They issued a “buy” rating and a $4.50 price target on the stock.

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.