Quadrature Capital Ltd Has $75,000 Stake in SelectQuote, Inc. (NYSE:SLQT)

Quadrature Capital Ltd lowered its holdings in shares of SelectQuote, Inc. (NYSE:SLQT - Free Report) by 85.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,605 shares of the company's stock after selling 199,439 shares during the quarter. Quadrature Capital Ltd's holdings in SelectQuote were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. KCM Investment Advisors LLC bought a new stake in SelectQuote during the third quarter worth approximately $608,000. Bank of Montreal Can acquired a new stake in shares of SelectQuote in the second quarter worth $545,000. Panagora Asset Management Inc. grew its stake in SelectQuote by 85.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company's stock valued at $1,132,000 after buying an additional 189,029 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings 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 acquiring an additional 170,726 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in SelectQuote during the third quarter valued at about $311,000. Institutional investors and hedge funds own 34.59% of the company's stock.

Analysts Set New Price Targets

SLQT has been the topic of a number of recent analyst reports. Craig Hallum started coverage on SelectQuote in a research note on Monday, September 30th. They issued a "buy" rating and a $4.50 price objective on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $4.00 price target on shares of SelectQuote in a research report on Friday, November 22nd.

SelectQuote Stock Performance

NYSE SLQT traded down $0.01 during midday trading on Friday, hitting $2.78. The company had a trading volume of 336,795 shares, compared to its average volume of 999,762. The firm has a fifty day simple moving average of $2.43 and a two-hundred day simple moving average of $2.89. SelectQuote, Inc. has a fifty-two week low of $1.03 and a fifty-two week high of $4.46. 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 stock has a market cap of $476.78 million, a price-to-earnings ratio of -9.93 and a beta of 1.22.

SelectQuote (NYSE:SLQT - Get Free Report) last released its earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.08). The firm had revenue of $292.26 million for the quarter, compared to analyst estimates of $275.15 million. SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. During the same period last year, the business earned ($0.19) earnings per share. Equities analysts forecast that SelectQuote, Inc. will post -0.2 earnings per share for the current fiscal year.

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.