SelectQuote (NYSE:SLQT) Shares Up 9.8%

SelectQuote, Inc. (NYSE:SLQT)’s share price traded up 9.8% during trading on Monday . The stock traded as high as $3.05 and last traded at $3.03. 656,674 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 762,485 shares. The stock had previously closed at $2.76.

SelectQuote Trading Down 1.6 %

The firm has a market capitalization of $524.40 million, a PE ratio of -9.69 and a beta of 1.09. The business has a fifty day moving average price of $2.66 and a two-hundred day moving average price of $1.94. The company has a current ratio of 6.34, a quick ratio of 6.34 and a debt-to-equity ratio of 1.87.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. SelectQuote had a negative net margin of 4.12% and a negative return on equity of 12.03%. The business had revenue of $376.40 million during the quarter, compared to analysts’ expectations of $341.80 million. During the same period last year, the business earned $0.06 earnings per share. Analysts expect that SelectQuote, Inc. will post -0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in SelectQuote during the 1st quarter worth $36,000. Quadrature Capital Ltd acquired a new stake in SelectQuote in the first quarter valued at approximately $40,000. Public Employees Retirement System of Ohio lifted its stake in SelectQuote by 882.6% in the first quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock worth $40,000 after acquiring an additional 17,916 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in SelectQuote during the 3rd quarter worth approximately $47,000. Finally, TriaGen Wealth Management LLC increased its position in shares of SelectQuote by 97.6% in the 4th quarter. TriaGen Wealth Management LLC now owns 40,500 shares of the company’s stock valued at $55,000 after purchasing an additional 20,000 shares during the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

About SelectQuote

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.