SG Americas Securities LLC Boosts Stock Holdings in SelectQuote, Inc. (NYSE:SLQT)

SG Americas Securities LLC increased its position in shares of SelectQuote, Inc. (NYSE:SLQT) by 6.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,728 shares of the company’s stock after purchasing an additional 6,220 shares during the period. SG Americas Securities LLC’s holdings in SelectQuote were worth $326,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC acquired a new position in SelectQuote during the fourth quarter worth about $46,000. Oppenheimer & Co. Inc. acquired a new position in SelectQuote during the fourth quarter worth about $47,000. Cibc World Markets Corp acquired a new position in SelectQuote during the fourth quarter worth about $47,000. Bayesian Capital Management LP acquired a new stake in shares of SelectQuote in the fourth quarter valued at approximately $55,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of SelectQuote in the fourth quarter valued at approximately $97,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

SelectQuote Stock Down 0.9%

SLQT stock opened at $2.32 on Thursday. The company’s 50 day simple moving average is $2.48 and its 200-day simple moving average is $3.43. The firm has a market capitalization of $400.71 million, a PE ratio of -21.09 and a beta of 1.11. SelectQuote, Inc. has a 12 month low of $1.62 and a 12 month high of $6.86. The company has a debt-to-equity ratio of 1.04, a current ratio of 6.46 and a quick ratio of 6.46.

SelectQuote (NYSE:SLQT) last announced its earnings results on Monday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). SelectQuote had a return on equity of 1.17% and a net margin of 0.25%. The firm had revenue of $408.16 million for the quarter, compared to analyst estimates of $412.83 million. Equities analysts expect that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SLQT shares. Wall Street Zen lowered shares of SelectQuote from a “buy” rating to a “hold” rating in a research report on Sunday. Jefferies Financial Group started coverage on shares of SelectQuote in a research report on Wednesday, May 21st. They issued a “hold” rating and a $2.75 price target on the stock. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3.75.

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.