Mason Investment Advisory Services Inc. Boosts Holdings in SelectQuote, Inc. (NYSE:SLQT)

Mason Investment Advisory Services Inc. raised its stake in SelectQuote, Inc. (NYSE:SLQT) by 33.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,000 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Mason Investment Advisory Services Inc.’s holdings in SelectQuote were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. raised 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 purchasing an additional 808,850 shares during the period. Panagora Asset Management Inc. lifted 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 acquiring an additional 189,029 shares in the last quarter. KCM Investment Advisors LLC bought a new position in shares of SelectQuote in the third quarter worth $608,000. Creative Planning lifted its holdings in SelectQuote by 6.6% during the 3rd quarter. Creative Planning now owns 100,019 shares of the company’s stock worth $217,000 after purchasing an additional 6,150 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in SelectQuote by 14.1% in the 2nd 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 during the period. 34.59% of the stock is owned by institutional investors.

SelectQuote Trading Up 9.6 %

Shares of NYSE:SLQT opened at $2.86 on Friday. The company’s fifty day moving average price is $2.16 and its 200-day moving average price is $2.88. The company has a debt-to-equity ratio of 2.36, a current ratio of 6.66 and a quick ratio of 6.66. SelectQuote, Inc. has a one year low of $1.03 and a one year high of $4.46.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The firm had revenue of $292.26 million for the quarter, compared to the consensus estimate of $275.15 million. SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. During the same period last year, the firm earned ($0.19) EPS. As a group, analysts anticipate that SelectQuote, Inc. will post -0.2 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SLQT. Royal Bank of Canada reissued a “sector perform” rating and issued a $4.00 price target on shares of SelectQuote in a report on Friday. Craig Hallum assumed coverage on SelectQuote in a research note on Monday, September 30th. They set a “buy” rating and a $4.50 price objective for the company.

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.