Mason Investment Advisory Services Inc. Increases Stake in SelectQuote, Inc. (NYSE:SLQT)

Mason Investment Advisory Services Inc. lifted its position in SelectQuote, Inc. (NYSE:SLQT) by 33.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,000 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Mason Investment Advisory Services Inc.’s holdings in SelectQuote were worth $43,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new stake in SelectQuote in the 1st quarter worth approximately $40,000. Price T Rowe Associates Inc. MD raised its holdings in SelectQuote by 18.8% in the 1st 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. Public Employees Retirement System of Ohio boosted its stake in shares of SelectQuote by 882.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock valued at $40,000 after purchasing an additional 17,916 shares in the last quarter. Jacobs Levy Equity Management Inc. increased 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 valued at $2,323,000 after buying an additional 808,850 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in SelectQuote by 14.1% in the second quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company’s stock worth $1,305,000 after buying an additional 58,481 shares in the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

SelectQuote Stock Performance

SLQT stock opened at $2.86 on Friday. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 2.36. The business has a 50 day moving average of $2.16 and a 200 day moving average of $2.88. SelectQuote, Inc. has a twelve month low of $1.03 and a twelve month high of $4.46.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.26) 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 analysts’ expectations of $275.15 million. SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. During the same period last year, the company posted ($0.19) earnings per share. Analysts predict that SelectQuote, Inc. will post -0.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SLQT has been the topic of a number of research analyst reports. Craig Hallum assumed coverage on SelectQuote in a report on Monday, September 30th. They set a “buy” rating and a $4.50 target price on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $4.00 price objective on shares of SelectQuote in a research report on Friday.

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.