Two Sigma Investments LP Raises Position in SelectQuote, Inc. (NYSE:SLQT)

Two Sigma Investments LP grew its stake in shares of SelectQuote, Inc. (NYSE:SLQT - Free Report) by 313.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240,497 shares of the company's stock after acquiring an additional 182,367 shares during the period. Two Sigma Investments LP owned about 0.14% of SelectQuote worth $895,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased 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 valued at $3,929,000 after purchasing an additional 275,593 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in SelectQuote by 66.8% in the fourth quarter. JPMorgan Chase & Co. now owns 716,784 shares of the company's stock valued at $2,666,000 after purchasing an additional 287,128 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of SelectQuote in the fourth quarter valued at $47,000. Wells Fargo & Company MN increased its position in shares of SelectQuote by 13.4% in the fourth quarter. Wells Fargo & Company MN now owns 154,945 shares of the company's stock valued at $576,000 after buying an additional 18,261 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of SelectQuote by 15.8% during the 4th quarter. Bank of America Corp DE now owns 598,461 shares of the company's stock worth $2,226,000 after buying an additional 81,606 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company's stock.

SelectQuote Price Performance

SelectQuote stock traded down $0.06 during mid-day trading on Tuesday, hitting $2.19. 737,440 shares of the company were exchanged, compared to its average volume of 1,423,116. SelectQuote, Inc. has a 12-month low of $1.62 and a 12-month high of $6.86. The company has a market capitalization of $377.40 million, a P/E ratio of -24.28 and a beta of 1.11. The business's 50 day simple moving average is $2.70 and its two-hundred day simple moving average is $3.48. 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 posted its quarterly earnings data on Monday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The company had revenue of $408.16 million for 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%. Analysts forecast that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SLQT. Noble Financial raised shares of SelectQuote to a "strong-buy" rating in a research note on Wednesday, February 12th. Jefferies Financial Group assumed coverage on shares of SelectQuote in a report on Wednesday, May 21st. They issued a "hold" rating and a $2.75 price target on the stock.

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.