New York State Common Retirement Fund Has $1.16 Million Holdings in SelectQuote, Inc. (NYSE:SLQT)

New York State Common Retirement Fund cut its holdings in SelectQuote, Inc. (NYSE:SLQT) by 31.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,680 shares of the company’s stock after selling 40,356 shares during the period. New York State Common Retirement Fund owned about 0.05% of SelectQuote worth $1,160,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. increased its holdings in SelectQuote by 554.3% during the third quarter. Victory Capital Management Inc. now owns 129,717 shares of the company’s stock worth $1,677,000 after buying an additional 109,893 shares during the last quarter. Kavar Capital Partners Group LLC increased its holdings in SelectQuote by 60.0% during the third quarter. Kavar Capital Partners Group LLC now owns 40,150 shares of the company’s stock worth $519,000 after buying an additional 15,050 shares during the last quarter. SG Americas Securities LLC acquired a new position in SelectQuote during the third quarter worth $1,843,000. Maryland State Retirement & Pension System acquired a new position in SelectQuote during the third quarter worth $641,000. Finally, Amalgamated Bank increased its holdings in SelectQuote by 62.3% during the third quarter. Amalgamated Bank now owns 66,429 shares of the company’s stock worth $859,000 after buying an additional 25,503 shares during the last quarter. Institutional investors and hedge funds own 77.14% of the company’s stock.

Shares of SelectQuote stock opened at $8.27 on Friday. The firm has a 50-day moving average of $9.33 and a 200-day moving average of $12.81. The stock has a market cap of $1.36 billion, a PE ratio of 16.22 and a beta of 0.19. SelectQuote, Inc. has a 52-week low of $7.55 and a 52-week high of $33.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 12.02 and a current ratio of 12.02.

SelectQuote (NYSE:SLQT) last posted its quarterly earnings data on Thursday, November 4th. The company reported ($0.28) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.03. SelectQuote had a net margin of 8.71% and a return on equity of 12.99%. The business had revenue of $159.92 million during the quarter, compared to analysts’ expectations of $147.95 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. SelectQuote’s revenue was up 28.8% compared to the same quarter last year. Equities research analysts predict that SelectQuote, Inc. will post 0.84 earnings per share for the current fiscal year.

Several equities analysts have commented on SLQT shares. Jefferies Financial Group started coverage on shares of SelectQuote in a report on Thursday, November 18th. They issued a “hold” rating and a $12.00 price objective on the stock. Zacks Investment Research upgraded shares of SelectQuote from a “sell” rating to a “hold” rating in a report on Thursday, January 6th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, SelectQuote presently has an average rating of “Buy” and a consensus price target of $24.50.

About SelectQuote

Founded in 1985, SelectQuote (NYSE: SLQT) provides solutions that help consumers protect their most valuable assets: their families, health and property. The company pioneered the direct-to-consumer model of providing unbiased comparisons from multiple, highly-rated insurance companies allowing consumers to choose the policy and terms that best meet their unique needs.

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Institutional Ownership by Quarter for SelectQuote (NYSE:SLQT)

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