Geode Capital Management LLC Acquires 43,197 Shares of SelectQuote, Inc. (NYSE:SLQT)

Geode Capital Management LLC lifted its holdings in shares of SelectQuote, Inc. (NYSE:SLQT) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,081,391 shares of the company’s stock after acquiring an additional 43,197 shares during the quarter. Geode Capital Management LLC’s holdings in SelectQuote were worth $6,688,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in SelectQuote by 0.7% in the third quarter. State Street Corp now owns 2,894,067 shares of the company’s stock valued at $6,280,000 after acquiring an additional 21,413 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of SelectQuote by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,181,663 shares of the company’s stock worth $2,564,000 after purchasing an additional 53,159 shares during the period. Renaissance Technologies LLC boosted its stake in shares of SelectQuote by 6.5% during the 2nd quarter. Renaissance Technologies LLC now owns 726,997 shares of the company’s stock valued at $2,007,000 after purchasing an additional 44,397 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of SelectQuote by 17.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 623,548 shares of the company’s stock valued at $1,353,000 after buying an additional 91,071 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of SelectQuote by 14.1% during the second quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company’s stock valued at $1,305,000 after buying an additional 58,481 shares during the period. Institutional investors own 34.59% of the company’s stock.

SelectQuote Stock Up 7.0 %

NYSE:SLQT opened at $4.14 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 50-day moving average price is $2.80 and its 200-day moving average price is $2.93. The company has a market capitalization of $710.03 million, a PE ratio of -14.79 and a beta of 1.22. SelectQuote, Inc. has a 1-year low of $1.03 and a 1-year high of $4.46.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings data 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). SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. The business had revenue of $292.26 million during the quarter, compared to analysts’ expectations of $275.15 million. During the same quarter last year, the company posted ($0.19) EPS. On average, equities analysts predict that SelectQuote, Inc. will post -0.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on SLQT. Craig Hallum began coverage on shares of SelectQuote in a report on Monday, September 30th. They issued a “buy” rating and a $4.50 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $4.00 target price on shares of SelectQuote in a research note on Friday, November 22nd.

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.