Charles Schwab Investment Management Inc. Raises Position in SelectQuote, Inc. (NYSE:SLQT)

Charles Schwab Investment Management Inc. grew its position in SelectQuote, Inc. (NYSE:SLQT) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,181,663 shares of the company’s stock after acquiring an additional 53,159 shares during the period. Charles Schwab Investment Management Inc. owned about 0.69% of SelectQuote worth $2,564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. TFB Advisors LLC purchased a new stake in SelectQuote during the second quarter worth about $29,000. Price T Rowe Associates Inc. MD boosted its holdings in SelectQuote by 18.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock worth $83,000 after buying an additional 6,555 shares in the last quarter. Intech Investment Management LLC purchased a new stake in SelectQuote during the third quarter worth about $123,000. Algert Global LLC boosted its holdings in SelectQuote by 147.1% during the second quarter. Algert Global LLC now owns 50,429 shares of the company’s stock worth $139,000 after buying an additional 30,019 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in SelectQuote by 97.4% during the third quarter. SG Americas Securities LLC now owns 82,848 shares of the company’s stock worth $180,000 after buying an additional 40,884 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Analysts Set New Price Targets

SLQT has been the subject of a number of research reports. Royal Bank of Canada restated a “sector perform” rating and set a $4.00 target price on shares of SelectQuote in a research report on Friday, November 22nd. Craig Hallum began coverage on shares of SelectQuote in a research report on Monday, September 30th. They issued a “buy” rating and a $4.50 price objective for the company.

SelectQuote Trading Down 0.4 %

Shares of NYSE:SLQT opened at $2.78 on Monday. The company has a market cap of $476.80 million, a PE ratio of -9.93 and a beta of 1.22. The company’s 50-day moving average price is $2.43 and its 200 day moving average price is $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.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The business had revenue of $292.26 million during 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 in the prior year, the firm earned ($0.19) EPS. Sell-side analysts anticipate that SelectQuote, Inc. will post -0.2 earnings per share 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.