Federated Hermes Inc. Reduces Stake in SelectQuote, Inc. (NYSE:SLQT)

Federated Hermes Inc. decreased its holdings in shares of SelectQuote, Inc. (NYSE:SLQT) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 250,502 shares of the company’s stock after selling 30,024 shares during the quarter. Federated Hermes Inc.’s holdings in SelectQuote were worth $343,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SLQT. Mariner LLC grew its position in shares of SelectQuote by 21.9% in the 3rd quarter. Mariner LLC now owns 3,171,414 shares of the company’s stock valued at $3,711,000 after buying an additional 569,323 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of SelectQuote during the third quarter worth about $47,000. Dark Forest Capital Management LP purchased a new stake in shares of SelectQuote in the 3rd quarter valued at about $35,000. GSA Capital Partners LLP boosted its position in shares of SelectQuote by 10.6% in the 3rd quarter. GSA Capital Partners LLP now owns 1,197,202 shares of the company’s stock valued at $1,401,000 after purchasing an additional 114,522 shares during the period. Finally, Kavar Capital Partners Group LLC grew its stake in SelectQuote by 934.5% during the 3rd quarter. Kavar Capital Partners Group LLC now owns 318,636 shares of the company’s stock worth $373,000 after buying an additional 287,836 shares during the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Noble Financial assumed coverage on SelectQuote in a report on Thursday, February 29th. They issued an “outperform” rating and a $5.00 price objective for the company.

SelectQuote Stock Performance

Shares of SLQT opened at $2.04 on Friday. SelectQuote, Inc. has a fifty-two week low of $0.95 and a fifty-two week high of $2.40. The firm has a 50-day simple moving average of $1.79 and a 200-day simple moving average of $1.48. The company has a market capitalization of $344.74 million, a price-to-earnings ratio of -6.55 and a beta of 0.80.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $405.44 million for the quarter. SelectQuote had a negative net margin of 4.33% and a negative return on equity of 11.44%. Equities research analysts forecast that SelectQuote, Inc. will post -0.21 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.