SelectQuote, Inc. (NYSE:SLQT) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in SelectQuote, Inc. (NYSE:SLQT) by 166.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,357 shares of the company’s stock after buying an additional 124,005 shares during the period. Barclays PLC’s holdings in SelectQuote were worth $430,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. 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 worth $43,000 after purchasing an additional 5,000 shares during the last quarter. Creative Planning grew its stake in SelectQuote by 6.6% in the third quarter. Creative Planning now owns 100,019 shares of the company’s stock worth $217,000 after purchasing an additional 6,150 shares in the last quarter. State Street Corp increased 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 buying an additional 21,413 shares during the last quarter. IHT Wealth Management LLC raised its stake in SelectQuote by 35.2% during the third quarter. IHT Wealth Management LLC now owns 94,605 shares of the company’s stock valued at $205,000 after buying an additional 24,605 shares in the last quarter. Finally, Algert Global LLC raised its stake in SelectQuote by 147.1% during the second quarter. Algert Global LLC now owns 50,429 shares of the company’s stock valued at $139,000 after buying an additional 30,019 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SLQT has been the subject of several research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $4.00 target price on shares of SelectQuote in a research report on Friday, November 22nd. Craig Hallum assumed 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.

SelectQuote Price Performance

SLQT opened at $4.25 on Friday. 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 company’s 50-day moving average price is $3.22 and its 200 day moving average price is $3.03. SelectQuote, Inc. has a fifty-two week low of $1.03 and a fifty-two week high of $4.55. The firm has a market cap of $728.06 million, a price-to-earnings ratio of -15.16 and a beta of 1.14.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $292.26 million during the quarter, compared to the consensus estimate of $275.15 million. During the same period last year, the business posted ($0.19) EPS. As a group, sell-side analysts expect that SelectQuote, Inc. will post -0.2 earnings per share for the current 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.