Graham Capital Management L.P. Lowers Stock Holdings in SelectQuote, Inc. (NYSE:SLQT)

Graham Capital Management L.P. reduced its position in shares of SelectQuote, Inc. (NYSE:SLQT) by 20.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 41,650 shares of the company’s stock after selling 10,483 shares during the period. Graham Capital Management L.P.’s holdings in SelectQuote were worth $155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Portolan Capital Management LLC purchased a new position in SelectQuote in the fourth quarter valued at $1,873,000. Marshall Wace LLP boosted its holdings in SelectQuote by 48.1% in the fourth quarter. Marshall Wace LLP now owns 1,052,239 shares of the company’s stock valued at $3,914,000 after purchasing an additional 341,981 shares during the period. AXA S.A. purchased a new position in SelectQuote in the fourth quarter valued at $1,223,000. JPMorgan Chase & Co. boosted 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 period. Finally, Dimensional Fund Advisors LP boosted its holdings in SelectQuote by 35.3% in the fourth 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 during the period. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

SelectQuote Stock Down 1.3%

Shares of NYSE SLQT opened at $2.26 on Tuesday. The company has a market capitalization of $390.35 million, a price-to-earnings ratio of -25.11 and a beta of 1.26. 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 business has a 50-day moving average of $3.14 and a two-hundred day moving average of $3.52. SelectQuote, Inc. has a 1 year low of $1.62 and a 1 year high of $6.86.

SelectQuote (NYSE:SLQT) last announced its quarterly 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). The business 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%. On average, analysts forecast that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Transactions at SelectQuote

In other news, insider Sarah Taylor Anderson sold 50,000 shares of SelectQuote stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $5.44, for a total transaction of $272,000.00. Following the sale, the insider now owns 1,166 shares in the company, valued at approximately $6,343.04. The trade was a 97.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Noble Financial upgraded 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.