Bridgeway Capital Management LLC Trims Stake in SelectQuote, Inc. (NYSE:SLQT)

Bridgeway Capital Management LLC cut its stake in SelectQuote, Inc. (NYSE:SLQT - Free Report) by 40.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 157,200 shares of the company's stock after selling 108,135 shares during the period. Bridgeway Capital Management LLC owned about 0.09% of SelectQuote worth $585,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in SelectQuote by 36.9% in the third quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company's stock worth $932,000 after acquiring an additional 115,865 shares in the last quarter. Barclays PLC lifted its stake in SelectQuote by 166.8% in the third quarter. Barclays PLC now owns 198,357 shares of the company's stock worth $430,000 after purchasing an additional 124,005 shares during the last quarter. SG Americas Securities LLC lifted its stake in SelectQuote by 10.5% in the fourth quarter. SG Americas Securities LLC now owns 91,508 shares of the company's stock worth $340,000 after purchasing an additional 8,660 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in SelectQuote in the fourth quarter worth $47,000. Finally, Wells Fargo & Company MN lifted its stake in SelectQuote by 13.4% in the fourth quarter. Wells Fargo & Company MN now owns 154,945 shares of the company's stock worth $576,000 after purchasing an additional 18,261 shares during the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $5.44, for a total transaction of $272,000.00. Following the completion of the sale, the insider now owns 1,166 shares of the company's stock, valued at $6,343.04. The trade was a 97.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.40% of the stock is owned by corporate insiders.

SelectQuote Stock Performance

Shares of SLQT opened at $2.68 on Monday. SelectQuote, Inc. has a one year low of $1.62 and a one year high of $6.86. The company has a 50-day simple moving average of $3.29 and a two-hundred day simple moving average of $3.50. The firm has a market capitalization of $461.35 million, a PE ratio of -29.78 and a beta of 1.26. The company has a debt-to-equity ratio of 2.10, a current ratio of 6.36 and a quick ratio of 6.36.

SelectQuote (NYSE:SLQT - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.09 by $0.21. SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. On average, analysts anticipate that SelectQuote, Inc. will post -0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Noble Financial raised shares of SelectQuote to a "strong-buy" rating in a research note on Wednesday, February 12th.

SelectQuote Company 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.

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