SelectQuote, Inc. (NYSE:SLQT) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its stake in SelectQuote, Inc. (NYSE:SLQT) by 52.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,796 shares of the company’s stock after selling 409,618 shares during the period. Nuveen Asset Management LLC owned 0.22% of SelectQuote worth $1,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SLQT. Portolan Capital Management LLC bought a new position in shares of SelectQuote during the fourth quarter worth about $1,873,000. Marshall Wace LLP raised its position in SelectQuote by 48.1% during the fourth quarter. Marshall Wace LLP now owns 1,052,239 shares of the company’s stock valued at $3,914,000 after acquiring an additional 341,981 shares in the last quarter. AXA S.A. bought a new position in SelectQuote during the fourth quarter valued at approximately $1,223,000. JPMorgan Chase & Co. grew its holdings in SelectQuote by 66.8% during the fourth quarter. JPMorgan Chase & Co. now owns 716,784 shares of the company’s stock valued at $2,666,000 after purchasing an additional 287,128 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of SelectQuote by 35.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,055,860 shares of the company’s stock worth $3,929,000 after acquiring an additional 275,593 shares during the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

SelectQuote Price Performance

Shares of SLQT opened at $2.30 on Wednesday. The firm has a market capitalization of $396.39 million, a PE ratio of -25.50 and a beta of 1.11. The stock has a 50 day simple moving average of $2.82 and a 200 day simple moving average of $3.50. The company has a debt-to-equity ratio of 2.10, a quick ratio of 6.36 and a current ratio of 6.36. SelectQuote, Inc. has a 52-week low of $1.62 and a 52-week high of $6.86.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. The business had revenue of $408.16 million during the quarter, compared to the consensus estimate of $412.83 million. Sell-side analysts predict that SelectQuote, Inc. will post -0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Jefferies Financial Group began coverage on SelectQuote in a research report on Wednesday, May 21st. They issued a “hold” rating and a $2.75 target price for the company. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a research report on Wednesday, February 12th.

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.