SG Americas Securities LLC Increases Holdings in SelectQuote, Inc. (NYSE:SLQT)

SG Americas Securities LLC lifted its holdings in shares of SelectQuote, Inc. (NYSE:SLQT) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,508 shares of the company’s stock after purchasing an additional 8,660 shares during the period. SG Americas Securities LLC owned about 0.05% of SelectQuote worth $340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mason Investment Advisory Services Inc. increased its holdings in SelectQuote by 33.3% during the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock worth $43,000 after buying an additional 5,000 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of SelectQuote during the 3rd quarter worth approximately $123,000. Algert Global LLC raised its holdings 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 purchasing an additional 30,019 shares during the period. Virtu Financial LLC purchased a new position in SelectQuote in the third quarter valued at approximately $150,000. Finally, Quantbot Technologies LP purchased a new position in SelectQuote in the third quarter valued at approximately $153,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $4.00 target price on shares of SelectQuote in a research report on Friday, November 22nd.

SelectQuote Price Performance

Shares of NYSE:SLQT opened at $4.38 on Wednesday. The firm has a market capitalization of $750.36 million, a PE ratio of -15.63 and a beta of 1.15. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 2.36. The company has a 50-day moving average price of $3.61 and a two-hundred day moving average price of $3.10. SelectQuote, Inc. has a twelve month low of $1.08 and a twelve month high of $4.64.

SelectQuote (NYSE:SLQT) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.08). SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. The business had revenue of $292.26 million during the quarter, compared to the consensus estimate of $275.15 million. During the same period last year, the business posted ($0.19) earnings per share. Equities analysts forecast 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.