GSA Capital Partners LLP Sells 78,425 Shares of SelectQuote, Inc. (NYSE:SLQT)

GSA Capital Partners LLP lessened its stake in SelectQuote, Inc. (NYSE:SLQT) by 17.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 365,155 shares of the company’s stock after selling 78,425 shares during the quarter. GSA Capital Partners LLP owned about 0.21% of SelectQuote worth $792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of SelectQuote by 6.6% in the 3rd quarter. Creative Planning now owns 100,019 shares of the company’s stock valued at $217,000 after acquiring an additional 6,150 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in SelectQuote by 18.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock valued at $83,000 after purchasing an additional 6,555 shares in the last quarter. TFB Advisors LLC bought a new position in shares of SelectQuote during the second quarter worth $29,000. Public Employees Retirement System of Ohio boosted its position in shares of SelectQuote by 882.6% during the first quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock worth $40,000 after purchasing an additional 17,916 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of SelectQuote in the 1st quarter valued at $36,000. Institutional investors own 34.59% of the company’s stock.

Analyst Upgrades and Downgrades

SLQT has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $4.00 price objective on shares of SelectQuote in a research note on Tuesday, October 29th. Craig Hallum began coverage on SelectQuote in a report on Monday, September 30th. They set a “buy” rating and a $4.50 price objective on the stock.

SelectQuote Stock Down 2.8 %

Shares of SLQT stock opened at $2.45 on Friday. SelectQuote, Inc. has a 12-month low of $1.03 and a 12-month 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 firm has a fifty day moving average of $2.22 and a 200-day moving average of $2.86. The company has a market capitalization of $420.20 million, a price-to-earnings ratio of -8.75 and a beta of 1.06.

SelectQuote (NYSE:SLQT) last released its earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) 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 the consensus estimate 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 quarter last year, the company posted ($0.19) EPS. As a group, equities research analysts predict that SelectQuote, Inc. will post -0.2 earnings per share for the current fiscal year.

SelectQuote 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.