Panoramic Capital LLC Increases Holdings in SelectQuote, Inc. $SLQT

Key Points

• Panoramic Capital LLC has increased its stake in SelectQuote, Inc. by 141.1% in the first quarter, owning a total of 241,082 shares, making it the company's 25th largest holding.
• SelectQuote has recently faced a shift in analyst ratings, with one analyst upgrading to a Strong Buy while others have downgraded their ratings, leading to a consensus rating of "Hold".
• In its latest earnings report, SelectQuote reported earnings per share of ($0.17), beating consensus estimates, and a revenue of $345.10 million, exceeding expectations as well.

Panoramic Capital LLC raised its position in SelectQuote, Inc. (NYSE:SLQT - Free Report) by 141.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,082 shares of the company's stock after purchasing an additional 141,082 shares during the period. SelectQuote comprises about 0.9% of Panoramic Capital LLC's investment portfolio, making the stock its 25th largest position. Panoramic Capital LLC owned about 0.14% of SelectQuote worth $805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of SelectQuote in the fourth quarter valued at approximately $97,000. Dimensional Fund Advisors LP grew its stake in SelectQuote by 35.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,055,860 shares of the company's stock worth $3,929,000 after acquiring an additional 275,593 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in SelectQuote by 16.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,819 shares of the company's stock valued at $193,000 after acquiring an additional 7,322 shares during the last quarter. Northern Trust Corp lifted its stake in shares of SelectQuote by 1.1% during the 4th quarter. Northern Trust Corp now owns 1,134,198 shares of the company's stock worth $4,219,000 after purchasing an additional 11,957 shares during the period. Finally, AXA S.A. purchased a new position in shares of SelectQuote during the 4th quarter worth $1,223,000. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SLQT has been the subject of a number of recent analyst reports. Zacks Research downgraded SelectQuote from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 27th. Royal Bank Of Canada decreased their price target on SelectQuote from $7.00 to $6.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of SelectQuote from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Jefferies Financial Group started coverage on shares of SelectQuote in a report on Wednesday, May 21st. They set a "hold" rating and a $2.75 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, SelectQuote has a consensus rating of "Hold" and an average target price of $4.42.

SelectQuote Trading Up 0.5%

NYSE:SLQT traded up $0.01 on Tuesday, hitting $2.04. 884,925 shares of the stock were exchanged, compared to its average volume of 2,760,975. The stock has a fifty day moving average of $2.14 and a 200-day moving average of $2.68. The stock has a market cap of $352.55 million, a PE ratio of 40.80 and a beta of 1.27. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.90. SelectQuote, Inc. has a fifty-two week low of $1.62 and a fifty-two week high of $6.86.

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

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.