Barclays PLC Acquires 124,005 Shares of SelectQuote, Inc. (NYSE:SLQT)

Barclays PLC lifted its position in shares of SelectQuote, Inc. (NYSE:SLQT - Free Report) by 166.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,357 shares of the company's stock after purchasing an additional 124,005 shares during the quarter. Barclays PLC owned 0.12% of SelectQuote worth $430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SLQT. KCM Investment Advisors LLC acquired a new stake in SelectQuote during the 3rd quarter worth approximately $608,000. Geode Capital Management LLC increased its position in shares of SelectQuote by 1.4% during the third quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company's stock worth $6,688,000 after acquiring an additional 43,197 shares in the last quarter. State Street Corp raised its holdings in shares of SelectQuote by 0.7% during the third quarter. State Street Corp now owns 2,894,067 shares of the company's stock worth $6,280,000 after acquiring an additional 21,413 shares during the period. Creative Planning lifted its position in SelectQuote by 6.6% in the 3rd quarter. Creative Planning now owns 100,019 shares of the company's stock valued at $217,000 after acquiring an additional 6,150 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in 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 during the period. Institutional investors and hedge funds own 34.59% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $4.00 price target on shares of SelectQuote in a research note on Friday, November 22nd. Craig Hallum assumed coverage on SelectQuote in a research report on Monday, September 30th. They issued a "buy" rating and a $4.50 target price on the stock.

SelectQuote Trading Up 2.0 %

Shares of NYSE:SLQT opened at $4.25 on Friday. The company's 50-day moving average price is $3.22 and its two-hundred day moving average price is $3.03. SelectQuote, Inc. has a one year low of $1.03 and a one year high of $4.55. The company has a debt-to-equity ratio of 2.36, a current ratio of 6.66 and a quick ratio of 6.66. The stock has a market capitalization of $728.06 million, a PE ratio of -15.16 and a beta of 1.14.

SelectQuote (NYSE:SLQT - Get Free Report) last issued its quarterly earnings results 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 net margin of 3.45% and a negative return on equity of 15.00%. The company had revenue of $292.26 million for the quarter, compared to analyst estimates of $275.15 million. During the same period last year, the company posted ($0.19) earnings per share. On average, equities analysts forecast that SelectQuote, Inc. will post -0.2 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.