Los Angeles Capital Management LLC Sells 42,700 Shares of SelectQuote, Inc. (NYSE:SLQT)

Los Angeles Capital Management LLC lessened its holdings in shares of SelectQuote, Inc. (NYSE:SLQT) by 10.3% during the 3rd quarter, Holdings Channel reports. The firm owned 373,640 shares of the company’s stock after selling 42,700 shares during the period. Los Angeles Capital Management LLC’s holdings in SelectQuote were worth $811,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SLQT. Jacobs Levy Equity Management Inc. grew its holdings in SelectQuote by 229.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,161,593 shares of the company’s stock valued at $2,323,000 after buying an additional 808,850 shares in the last quarter. Renaissance Technologies LLC grew its stake in SelectQuote by 6.5% during the second quarter. Renaissance Technologies LLC now owns 726,997 shares of the company’s stock valued at $2,007,000 after acquiring an additional 44,397 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in SelectQuote by 14.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company’s stock valued at $1,305,000 after acquiring an additional 58,481 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in SelectQuote by 85.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company’s stock worth $1,132,000 after purchasing an additional 189,029 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of SelectQuote by 158.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company’s stock valued at $768,000 after purchasing an additional 170,726 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

SelectQuote Price Performance

SLQT stock opened at $2.45 on Friday. SelectQuote, Inc. has a 52 week low of $1.03 and a 52 week high of $4.46. The firm has a market capitalization of $420.20 million, a P/E ratio of -8.75 and a beta of 1.06. The company has a fifty day simple moving average of $2.22 and a two-hundred day simple moving average of $2.85. 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 results on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. The business had revenue of $292.26 million during the quarter, compared to the consensus estimate of $275.15 million. During the same period in the previous year, the business posted ($0.19) EPS. Analysts anticipate that SelectQuote, Inc. will post -0.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SLQT. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $4.00 target price on shares of SelectQuote in a report on Tuesday, October 29th. Craig Hallum began coverage on SelectQuote in a research note on Monday, September 30th. They issued a “buy” rating and a $4.50 price objective on the stock.

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.