Renaissance Technologies LLC Sells 244,900 Shares of SelectQuote, Inc. (NYSE:SLQT)

Renaissance Technologies LLC decreased its position in SelectQuote, Inc. (NYSE:SLQT - Free Report) by 22.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 831,500 shares of the company's stock after selling 244,900 shares during the period. Renaissance Technologies LLC owned about 0.48% of SelectQuote worth $3,093,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cibc World Markets Corp acquired a new stake in shares of SelectQuote during the 4th quarter valued at $47,000. Oppenheimer & Co. Inc. acquired a new stake in shares of SelectQuote in the 4th quarter valued at $47,000. Raymond James Financial Inc. acquired a new stake in shares of SelectQuote in the 4th quarter valued at $97,000. Virtu Financial LLC acquired a new stake in shares of SelectQuote in the 3rd quarter valued at $150,000. Finally, SG Americas Securities LLC lifted its stake in shares of SelectQuote by 10.5% in the 4th quarter. SG Americas Securities LLC now owns 91,508 shares of the company's stock valued at $340,000 after purchasing an additional 8,660 shares during the last quarter. Institutional investors and hedge funds own 34.59% of the company's stock.

SelectQuote Stock Performance

SLQT traded down $0.11 during trading on Tuesday, hitting $3.28. The stock had a trading volume of 155,620 shares, compared to its average volume of 1,358,812. The firm has a market cap of $563.77 million, a PE ratio of -36.28 and a beta of 1.25. SelectQuote, Inc. has a 12 month low of $1.48 and a 12 month high of $6.86. 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 company has a 50 day simple moving average of $3.61 and a 200-day simple moving average of $3.46.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that SelectQuote, Inc. will post -0.07 EPS for the current year.

Analysts Set New Price Targets

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

Insider Transactions at SelectQuote

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $5.44, for a total value of $272,000.00. Following the sale, the insider now directly owns 1,166 shares in the company, valued at approximately $6,343.04. This represents a 97.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 11.40% of the company's stock.

SelectQuote Company 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.