SelectQuote, Inc. (NYSE:SLQT) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its stake in SelectQuote, Inc. (NYSE:SLQT - Free Report) by 52.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 370,796 shares of the company's stock after selling 409,618 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.22% of SelectQuote worth $1,379,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in SelectQuote by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 7,363,421 shares of the company's stock worth $27,392,000 after purchasing an additional 120,280 shares in the last quarter. Captrust Financial Advisors boosted its position in SelectQuote by 5.0% during the fourth quarter. Captrust Financial Advisors now owns 1,542,010 shares of the company's stock worth $5,736,000 after purchasing an additional 73,627 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in SelectQuote by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,191,701 shares of the company's stock worth $4,433,000 after purchasing an additional 10,038 shares in the last quarter. Northern Trust Corp boosted its position in 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. Finally, Dimensional Fund Advisors LP boosted its position in SelectQuote by 35.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,055,860 shares of the company's stock worth $3,929,000 after purchasing an additional 275,593 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company's stock.

SelectQuote Price Performance

Shares of NYSE:SLQT traded down $0.04 during midday trading on Thursday, hitting $2.16. The company had a trading volume of 731,037 shares, compared to its average volume of 1,419,438. SelectQuote, Inc. has a twelve month low of $1.62 and a twelve month high of $6.86. The company has a debt-to-equity ratio of 2.10, a current ratio of 6.36 and a quick ratio of 6.36. The stock has a market cap of $372.21 million, a price-to-earnings ratio of -23.94 and a beta of 1.11. The business's 50-day simple moving average is $2.80 and its 200-day simple moving average is $3.49.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $408.16 million for the quarter, compared to analyst estimates of $412.83 million. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. On average, research analysts predict that SelectQuote, Inc. will post -0.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SLQT. Jefferies Financial Group initiated coverage on SelectQuote in a research report on Wednesday, May 21st. They set a "hold" rating and a $2.75 price target on the stock. Noble Financial raised SelectQuote to a "strong-buy" rating in a 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.