Algert Global LLC Acquires 30,019 Shares of SelectQuote, Inc. (NYSE:SLQT)

Algert Global LLC raised its holdings in SelectQuote, Inc. (NYSE:SLQT) by 147.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,429 shares of the company’s stock after acquiring an additional 30,019 shares during the quarter. Algert Global LLC’s holdings in SelectQuote were worth $139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. boosted its position in shares of SelectQuote by 229.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,161,593 shares of the company’s stock worth $2,323,000 after purchasing an additional 808,850 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of SelectQuote by 85.5% during the second quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company’s stock worth $1,132,000 after purchasing an additional 189,029 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of SelectQuote during the first quarter worth $36,000. Bank of New York Mellon Corp boosted its position in shares of SelectQuote by 14.1% during the second quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company’s stock worth $1,305,000 after purchasing an additional 58,481 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of SelectQuote by 18.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock worth $83,000 after purchasing an additional 6,555 shares in the last quarter. 34.59% of the stock is owned by institutional investors.

SelectQuote Trading Up 5.4 %

Shares of NYSE:SLQT opened at $2.25 on Friday. SelectQuote, Inc. has a 12 month low of $1.03 and a 12 month high of $4.46. The company has a quick ratio of 6.84, a current ratio of 6.84 and a debt-to-equity ratio of 2.01. The company’s fifty day simple moving average is $2.91 and its 200 day simple moving average is $2.79. The firm has a market cap of $384.93 million, a price-to-earnings ratio of -10.69 and a beta of 1.05.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings data on Friday, September 13th. The company reported ($0.18) EPS for the quarter. SelectQuote had a negative return on equity of 10.37% and a negative net margin of 2.58%. The company had revenue of $307.21 million for the quarter. As a group, research analysts forecast that SelectQuote, Inc. will post -0.16 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Craig Hallum assumed coverage on shares of SelectQuote in a research report on Monday, September 30th. They set a “buy” rating and a $4.50 price target on the stock.

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.