Jane Street Group LLC Sells 294,214 Shares of SelectQuote, Inc. (NYSE:SLQT)

Jane Street Group LLC reduced its position in SelectQuote, Inc. (NYSE:SLQT - Free Report) by 92.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,675 shares of the company's stock after selling 294,214 shares during the period. Jane Street Group LLC's holdings in SelectQuote were worth $84,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SLQT. Vanguard Group Inc. boosted its holdings in SelectQuote by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 7,363,421 shares of the company's stock valued at $27,392,000 after purchasing an additional 120,280 shares during the period. Charles Schwab Investment Management Inc. increased its position in SelectQuote by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,191,701 shares of the company's stock valued at $4,433,000 after acquiring an additional 10,038 shares in the last quarter. Northern Trust Corp lifted its position in shares of SelectQuote by 1.1% during the fourth 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 in the last quarter. Dimensional Fund Advisors LP lifted 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 worth $3,929,000 after buying an additional 275,593 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in SelectQuote by 48.1% in the fourth quarter. Marshall Wace LLP now owns 1,052,239 shares of the company's stock valued at $3,914,000 after acquiring an additional 341,981 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

SelectQuote Trading Down 0.4%

Shares of SelectQuote stock traded down $0.01 on Thursday, hitting $2.25. 747,568 shares of the company's stock traded hands, compared to its average volume of 1,421,299. SelectQuote, Inc. has a one year low of $1.62 and a one year high of $6.86. The company has a market capitalization of $388.62 million, a price-to-earnings ratio of -25.00 and a beta of 1.11. The company has a fifty day moving average of $2.68 and a two-hundred day moving average of $3.47. 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 issued its quarterly earnings results on Monday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The company had revenue of $408.16 million during the quarter, compared to analysts' expectations of $412.83 million. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. As a group, sell-side analysts expect that SelectQuote, Inc. will post -0.07 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the company. Jefferies Financial Group began coverage on SelectQuote in a research note on Wednesday, May 21st. They set a "hold" rating and a $2.75 price objective on the stock. Noble Financial raised SelectQuote to a "strong-buy" rating in a research report on Wednesday, February 12th.

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.