Geode Capital Management LLC Buys 43,197 Shares of SelectQuote, Inc. (NYSE:SLQT)

Geode Capital Management LLC grew its stake in shares of SelectQuote, Inc. (NYSE:SLQT) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,081,391 shares of the company’s stock after buying an additional 43,197 shares during the quarter. Geode Capital Management LLC owned 1.80% of SelectQuote worth $6,688,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Mason Investment Advisory Services Inc. raised its position in SelectQuote by 33.3% during the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after purchasing an additional 5,000 shares in the last quarter. Algert Global LLC increased its position in shares of SelectQuote by 147.1% during the 2nd quarter. Algert Global LLC now owns 50,429 shares of the company’s stock valued at $139,000 after purchasing an additional 30,019 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of SelectQuote during the 3rd quarter valued at about $123,000. Quantbot Technologies LP purchased a new position in shares of SelectQuote during the 3rd quarter valued at about $153,000. Finally, SG Americas Securities LLC lifted its position in SelectQuote by 97.4% in the 3rd quarter. SG Americas Securities LLC now owns 82,848 shares of the company’s stock worth $180,000 after buying an additional 40,884 shares during the last quarter. 34.59% of the stock is owned by institutional investors.

SelectQuote Trading Up 7.0 %

NYSE SLQT opened at $4.14 on Friday. The stock has a 50-day moving average of $2.80 and a 200-day moving average of $2.93. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 2.36. SelectQuote, Inc. has a 1-year low of $1.03 and a 1-year high of $4.46. The firm has a market cap of $710.03 million, a PE ratio of -14.79 and a beta of 1.22.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $275.15 million. During the same quarter in the previous year, the firm posted ($0.19) EPS. As a group, sell-side analysts forecast that SelectQuote, Inc. will post -0.2 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on SLQT. Craig Hallum began coverage on shares of SelectQuote in a research report on Monday, September 30th. They set a “buy” rating and a $4.50 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $4.00 target price on shares of SelectQuote in a report on Friday, November 22nd.

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.