Quantbot Technologies LP Has $48,000 Position in SelectQuote, Inc. (NYSE:SLQT)

Quantbot Technologies LP cut its holdings in SelectQuote, Inc. (NYSE:SLQT) by 81.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,791 shares of the company’s stock after selling 57,577 shares during the period. Quantbot Technologies LP’s holdings in SelectQuote were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new position in shares of SelectQuote during the 4th quarter valued at $47,000. Cibc World Markets Corp acquired a new position in shares of SelectQuote during the fourth quarter valued at about $47,000. Raymond James Financial Inc. acquired a new position in shares of SelectQuote during the fourth quarter valued at about $97,000. Intech Investment Management LLC bought a new position in shares of SelectQuote during the 3rd quarter worth about $123,000. Finally, Virtu Financial LLC acquired a new stake in shares of SelectQuote in the 3rd quarter valued at about $150,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $5.44, for a total value of $272,000.00. Following the completion of the sale, the insider now owns 1,166 shares in the company, valued at $6,343.04. This represents a 97.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 11.40% of the company’s stock.

Analysts Set New Price Targets

Separately, Noble Financial raised SelectQuote to a “strong-buy” rating in a research note on Wednesday, February 12th.

SelectQuote Stock Performance

Shares of SLQT stock opened at $3.44 on Wednesday. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10. The firm has a fifty day simple moving average of $4.31 and a two-hundred day simple moving average of $3.29. SelectQuote, Inc. has a 12 month low of $1.48 and a 12 month high of $6.86. The firm has a market capitalization of $591.31 million, a PE ratio of -38.17 and a beta of 1.13.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. Analysts forecast that SelectQuote, Inc. will post -0.07 EPS for the current fiscal 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.