Two Sigma Investments LP Acquires 182,367 Shares of SelectQuote, Inc. (NYSE:SLQT)

Two Sigma Investments LP lifted its holdings in SelectQuote, Inc. (NYSE:SLQT - Free Report) by 313.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,497 shares of the company's stock after purchasing an additional 182,367 shares during the quarter. Two Sigma Investments LP owned 0.14% of SelectQuote worth $895,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SLQT. Sona Asset Management US LLC bought a new stake in shares of SelectQuote in the fourth quarter worth $2,847,000. Portolan Capital Management LLC bought a new stake in shares of SelectQuote in the fourth quarter worth $1,873,000. Marshall Wace LLP lifted its position in shares of SelectQuote by 48.1% in the fourth quarter. Marshall Wace LLP now owns 1,052,239 shares of the company's stock worth $3,914,000 after purchasing an additional 341,981 shares in the last quarter. AXA S.A. bought a new stake in shares of SelectQuote in the fourth quarter worth $1,223,000. Finally, JPMorgan Chase & Co. lifted its position in shares of SelectQuote by 66.8% in the fourth quarter. JPMorgan Chase & Co. now owns 716,784 shares of the company's stock worth $2,666,000 after purchasing an additional 287,128 shares in the last quarter. Institutional investors own 34.59% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SLQT. Jefferies Financial Group began coverage on shares of 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 shares of SelectQuote to a "strong-buy" rating in a research report on Wednesday, February 12th.

SelectQuote Stock Performance

NYSE SLQT opened at $2.20 on Friday. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10. The firm's fifty day moving average price is $2.75 and its two-hundred day moving average price is $3.48. SelectQuote, Inc. has a 1 year low of $1.62 and a 1 year high of $6.86. The firm has a market capitalization of $379.99 million, a P/E ratio of -24.44 and a beta of 1.11.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its quarterly 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). SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. The firm had revenue of $408.16 million for the quarter, compared to the consensus estimate of $412.83 million. As a group, research analysts anticipate that SelectQuote, Inc. will post -0.07 EPS for the current 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.

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