BlackRock Inc. acquired a new position in SelectQuote, Inc. (NYSE:SLQT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,182,553 shares of the company's stock, valued at approximately $1,836,000. BlackRock Inc. owned approximately 1.24% of SelectQuote as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new stake in SelectQuote in the third quarter worth about $27,000. CIBC Bancorp USA Inc. acquired a new position in shares of SelectQuote during the third quarter valued at about $29,000. Aquatic Capital Management LLC acquired a new stake in shares of SelectQuote during the third quarter worth $29,000. Russell Investments Group Ltd. lifted its position in SelectQuote by 90.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company's stock worth $38,000 after acquiring an additional 7,675 shares during the period. Finally, Mackenzie Financial Corp purchased a new stake in SelectQuote in the third quarter valued at approximately $43,000. 34.59% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on SLQT shares. Zacks Research lowered shares of SelectQuote from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 27th. Weiss Ratings cut shares of SelectQuote from a "sell (d+)" rating to a "sell (d)" rating in a research note on Monday, August 17th. Finally, Wall Street Zen cut SelectQuote from a "hold" rating to a "sell" rating in a report on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $3.00.
View Our Latest Report on SelectQuote
SelectQuote Price Performance
NYSE:SLQT opened at $0.53 on Monday. SelectQuote, Inc. has a 52 week low of $0.48 and a 52 week high of $2.22. The company has a quick ratio of 6.57, a current ratio of 6.57 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $94.01 million, a P/E ratio of -6.65 and a beta of 1.70. The stock's fifty day moving average is $0.71 and its two-hundred day moving average is $0.80.
SelectQuote (NYSE:SLQT - Get Free Report) last released its quarterly earnings results on Tuesday, August 25th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.03). The business had revenue of $321.65 million for the quarter, compared to analysts' expectations of $353.44 million. SelectQuote had a return on equity of 19.70% and a net margin of 3.84%. Equities analysts expect that SelectQuote, Inc. will post -0.2 EPS for the current year.
SelectQuote Profile
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Free Report)
SelectQuote, Inc NYSE: SLQT is a U.S.-based insurance brokerage and lead generation company that connects consumers with a range of insurance products through proprietary technology and licensed agents. The company specializes in life insurance, supplemental health coverage and Medicare plans, leveraging its digital platform and call center operations to help individuals compare policies and find cost-effective solutions tailored to their needs.
Through a single point of contact, policy seekers can evaluate offerings from multiple carriers, including term life, whole life, accidental death, critical illness and long-term care products.
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