4D Advisors LLC Sells 150,000 Shares of SelectQuote, Inc. $SLQT

Key Points

• 4D Advisors LLC reduced its stake in SelectQuote, Inc. by 18.8% during the first quarter, selling 150,000 shares and now holding 650,000 shares, which represent approximately 1.7% of their portfolio.
• Several institutional investors, including American Century Companies Inc. and Vanguard Group Inc., increased their positions in SelectQuote, showcasing growing interest in the company's stock.
• SelectQuote has faced recent downgrades from analysts, with a current average rating of "Hold" and a price target of $4.42, down from previous targets.

4D Advisors LLC reduced its position in shares of SelectQuote, Inc. (NYSE:SLQT - Free Report) by 18.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 650,000 shares of the company's stock after selling 150,000 shares during the quarter. SelectQuote makes up about 1.7% of 4D Advisors LLC's holdings, making the stock its 23rd biggest holding. 4D Advisors LLC owned about 0.38% of SelectQuote worth $2,171,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new stake in SelectQuote during the 1st quarter valued at $41,000. Dimensional Fund Advisors LP raised its holdings in SelectQuote by 35.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,055,860 shares of the company's stock valued at $3,929,000 after buying an additional 275,593 shares during the last quarter. American Century Companies Inc. raised its holdings in SelectQuote by 224.2% during the 1st quarter. American Century Companies Inc. now owns 1,011,457 shares of the company's stock valued at $3,378,000 after buying an additional 699,457 shares during the last quarter. Two Sigma Investments LP raised its holdings in SelectQuote by 313.7% during the 4th quarter. Two Sigma Investments LP now owns 240,497 shares of the company's stock valued at $895,000 after buying an additional 182,367 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in SelectQuote by 15.8% during the 4th quarter. Bank of America Corp DE now owns 598,461 shares of the company's stock valued at $2,226,000 after buying an additional 81,606 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors.

SelectQuote Stock Performance

Shares of NYSE SLQT traded down $0.06 during trading on Friday, reaching $2.06. 933,580 shares of the company traded hands, compared to its average volume of 2,785,383. The firm has a 50 day simple moving average of $2.16 and a 200-day simple moving average of $2.74. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $355.49 million, a PE ratio of 41.14 and a beta of 1.27. SelectQuote, Inc. has a 52-week low of $1.62 and a 52-week high of $6.86.

SelectQuote (NYSE:SLQT - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.01. SelectQuote had a net margin of 3.12% and a return on equity of 6.35%. The firm had revenue of $345.10 million for the quarter, compared to the consensus estimate of $334.09 million. SelectQuote has set its FY 2026 guidance at EPS. Equities research analysts anticipate that SelectQuote, Inc. will post -0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada lowered their price target on shares of SelectQuote from $7.00 to $6.00 and set a "sector perform" rating for the company in a report on Tuesday, August 5th. Jefferies Financial Group assumed coverage on shares of SelectQuote in a report on Wednesday, May 21st. They set a "hold" rating and a $2.75 price target for the company. Wall Street Zen downgraded shares of SelectQuote from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, Zacks Research downgraded shares of SelectQuote from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $4.42.

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.