Dimensional Fund Advisors LP Has $768,000 Stock Holdings in SelectQuote, Inc. (NYSE:SLQT)

Dimensional Fund Advisors LP raised its stake in shares of SelectQuote, Inc. (NYSE:SLQT) by 158.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 278,224 shares of the company’s stock after purchasing an additional 170,726 shares during the period. Dimensional Fund Advisors LP’s holdings in SelectQuote were worth $768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in shares of SelectQuote by 58.1% in the second quarter. American Century Companies Inc. now owns 120,751 shares of the company’s stock valued at $333,000 after acquiring an additional 44,392 shares during the period. TFB Advisors LLC bought a new stake in shares of SelectQuote in the second quarter valued at approximately $29,000. Panagora Asset Management Inc. boosted its position in shares of SelectQuote by 85.5% in the second quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company’s stock valued at $1,132,000 after acquiring an additional 189,029 shares during the period. Bank of New York Mellon Corp boosted its position in shares of SelectQuote by 14.1% in the second quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company’s stock valued at $1,305,000 after acquiring an additional 58,481 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of SelectQuote by 229.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,161,593 shares of the company’s stock valued at $2,323,000 after acquiring an additional 808,850 shares during the period. Institutional investors and hedge funds own 34.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum started coverage on SelectQuote in a research report on Monday, September 30th. They issued a “buy” rating and a $4.50 price objective for the company.

SelectQuote Stock Up 5.2 %

SLQT opened at $2.24 on Monday. The stock has a market capitalization of $378.92 million, a price-to-earnings ratio of -7.00 and a beta of 1.05. SelectQuote, Inc. has a 1-year low of $1.03 and a 1-year high of $4.46. The business has a 50 day moving average of $2.91 and a 200-day moving average of $2.80. The company has a current ratio of 6.84, a quick ratio of 6.84 and a debt-to-equity ratio of 2.01.

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

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.