Bryn Mawr Capital Management LLC Trims Stock Position in SelectQuote, Inc. (NYSE:SLQT)

Bryn Mawr Capital Management LLC cut its stake in SelectQuote, Inc. (NYSE:SLQT) by 84.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,211 shares of the company’s stock after selling 273,369 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in SelectQuote were worth $183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mason Investment Advisory Services Inc. raised its stake in SelectQuote by 33.3% in the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock worth $43,000 after buying an additional 5,000 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of SelectQuote during the 3rd quarter worth approximately $123,000. Virtu Financial LLC bought a new position in shares of SelectQuote in the 3rd quarter worth approximately $150,000. Quantbot Technologies LP purchased a new position in shares of SelectQuote in the 3rd quarter valued at approximately $153,000. Finally, SG Americas Securities LLC lifted its stake in shares of SelectQuote by 10.5% in the 4th quarter. SG Americas Securities LLC now owns 91,508 shares of the company’s stock valued at $340,000 after purchasing an additional 8,660 shares during the period. 34.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SLQT shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a report on Friday, November 22nd. Noble Financial raised shares of SelectQuote to a “strong-buy” rating in a research report on Wednesday, February 12th.

SelectQuote Stock Performance

SelectQuote stock opened at $4.57 on Friday. SelectQuote, Inc. has a twelve month low of $1.48 and a twelve month high of $6.86. The company has a quick ratio of 6.36, a current ratio of 6.36 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $785.82 million, a P/E ratio of -50.72 and a beta of 1.15. The stock’s 50 day moving average is $4.26 and its 200 day moving average is $3.23.

SelectQuote (NYSE:SLQT) last released its earnings results on Monday, February 10th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.09 by $0.21. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. On average, equities research analysts predict that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal 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.