Squarepoint Ops LLC Buys New Shares in SelectQuote, Inc. (NYSE:SLQT)

Squarepoint Ops LLC purchased a new position in SelectQuote, Inc. (NYSE:SLQT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 95,714 shares of the company’s stock, valued at approximately $356,000. Squarepoint Ops LLC owned approximately 0.06% of SelectQuote as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SLQT. Vanguard Group Inc. increased its holdings in shares of SelectQuote by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 7,363,421 shares of the company’s stock worth $27,392,000 after buying an additional 120,280 shares during the last quarter. Captrust Financial Advisors grew its stake in SelectQuote by 5.0% in the 4th quarter. Captrust Financial Advisors now owns 1,542,010 shares of the company’s stock worth $5,736,000 after acquiring an additional 73,627 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in SelectQuote by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,191,701 shares of the company’s stock worth $4,433,000 after acquiring an additional 10,038 shares in the last quarter. Northern Trust Corp boosted its stake in shares of SelectQuote by 1.1% during the fourth quarter. Northern Trust Corp now owns 1,134,198 shares of the company’s stock valued at $4,219,000 after purchasing an additional 11,957 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of SelectQuote by 35.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,055,860 shares of the company’s stock valued at $3,929,000 after purchasing an additional 275,593 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SLQT. Jefferies Financial Group began coverage on shares of SelectQuote in a report on Wednesday, May 21st. They issued a “hold” rating and a $2.75 price target on the stock. Noble Financial raised shares of SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th.

SelectQuote Stock Down 1.6%

SLQT opened at $2.16 on Friday. SelectQuote, Inc. has a fifty-two week low of $1.62 and a fifty-two week high of $6.86. The company has a debt-to-equity ratio of 2.10, a quick ratio of 6.36 and a current ratio of 6.36. The company has a fifty day moving average of $2.77 and a two-hundred day moving average of $3.48. The stock has a market capitalization of $372.21 million, a price-to-earnings ratio of -23.94 and a beta of 1.11.

SelectQuote (NYSE:SLQT) last announced its earnings results on Monday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $408.16 million during the quarter, compared to analyst estimates of $412.83 million. On average, research analysts expect that SelectQuote, Inc. will post -0.07 earnings per share for the current 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.