Short Interest in SelectQuote, Inc. (NYSE:SLQT) Decreases By 12.5%

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 2,030,000 shares, a drop of 12.5% from the April 30th total of 2,320,000 shares. Based on an average daily trading volume, of 1,490,000 shares, the short-interest ratio is currently 1.4 days. Approximately 1.5% of the shares of the company are sold short.

Institutional Trading of SelectQuote

A number of hedge funds have recently made changes to their positions in SLQT. Vanguard Group Inc. raised its position in SelectQuote by 7.0% during the first quarter. Vanguard Group Inc. now owns 7,880,173 shares of the company's stock valued at $26,320,000 after acquiring an additional 516,752 shares in the last quarter. Captrust Financial Advisors raised 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 valued at $5,736,000 after acquiring an additional 73,627 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in SelectQuote by 62.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,251,828 shares of the company's stock valued at $4,181,000 after acquiring an additional 478,997 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 valued at $4,433,000 after acquiring an additional 10,038 shares in the last quarter. Finally, Northern Trust Corp raised 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 valued at $4,219,000 after acquiring an additional 11,957 shares in the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

SelectQuote Stock Performance

Shares of SLQT stock traded down $0.02 during trading hours on Thursday, reaching $2.17. The stock had a trading volume of 344,491 shares, compared to its average volume of 1,733,790. 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 has a twelve month low of $1.62 and a twelve month high of $6.86. The firm has a 50-day simple moving average of $2.80 and a 200-day simple moving average of $3.49. The firm has a market capitalization of $374.80 million, a PE ratio of -24.11 and a beta of 1.11.

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

Analyst Upgrades and Downgrades

SLQT has been the subject of a number of recent analyst reports. Noble Financial raised SelectQuote to a "strong-buy" rating in a report on Wednesday, February 12th. 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 target price for the company.

SelectQuote Company 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.