Jacobs Levy Equity Management Inc. Reduces Position in SelectQuote, Inc. (NYSE:SLQT)

Jacobs Levy Equity Management Inc. cut its position in SelectQuote, Inc. (NYSE:SLQT) by 12.0% during the third quarter, HoldingsChannel reports. The firm owned 1,133,107 shares of the company’s stock after selling 154,589 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in SelectQuote were worth $2,459,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. TFB Advisors LLC purchased a new stake in shares of SelectQuote in the 2nd quarter valued at approximately $29,000. Mason Investment Advisory Services Inc. increased its position in shares of SelectQuote by 33.3% in the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after purchasing an additional 5,000 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of SelectQuote by 18.8% in the 1st 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 during the last quarter. Algert Global LLC increased its position in shares of SelectQuote by 147.1% in the 2nd quarter. Algert Global LLC now owns 50,429 shares of the company’s stock valued at $139,000 after purchasing an additional 30,019 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of SelectQuote in the 3rd quarter valued at $123,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SLQT shares. Craig Hallum started coverage on shares of SelectQuote in a research report on Monday, September 30th. They issued a “buy” rating and a $4.50 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $4.00 target price on shares of SelectQuote in a research report on Friday, November 22nd.

SelectQuote Trading Up 3.1 %

NYSE SLQT opened at $2.99 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 6.66 and a quick ratio of 6.66. The firm’s fifty day moving average price is $2.35 and its 200 day moving average price is $2.89. The company has a market capitalization of $512.81 million, a price-to-earnings ratio of -10.68 and a beta of 1.22. SelectQuote, Inc. has a 12 month low of $1.03 and a 12 month high of $4.46.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The business had revenue of $292.26 million for the quarter, compared to analyst estimates 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 in the prior year, the company earned ($0.19) EPS. On average, sell-side analysts expect that SelectQuote, Inc. will post -0.2 earnings per share for the current fiscal year.

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.