Charles Schwab Investment Management Inc. Buys 53,159 Shares of SelectQuote, Inc. (NYSE:SLQT)

Charles Schwab Investment Management Inc. grew its stake in SelectQuote, Inc. (NYSE:SLQT) by 4.7% in the third quarter, HoldingsChannel.com reports. The fund owned 1,181,663 shares of the company’s stock after acquiring an additional 53,159 shares during the period. Charles Schwab Investment Management Inc.’s holdings in SelectQuote were worth $2,564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in shares of SelectQuote by 18.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock worth $83,000 after acquiring an additional 6,555 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of SelectQuote by 14.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 472,849 shares of the company’s stock valued at $1,305,000 after buying an additional 58,481 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of SelectQuote by 85.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 410,009 shares of the company’s stock valued at $1,132,000 after buying an additional 189,029 shares during the last quarter. TFB Advisors LLC acquired a new stake in shares of SelectQuote in the 2nd quarter valued at approximately $29,000. Finally, American Century Companies Inc. lifted its holdings in SelectQuote by 58.1% during the 2nd quarter. American Century Companies Inc. now owns 120,751 shares of the company’s stock valued at $333,000 after purchasing an additional 44,392 shares during the last quarter. 34.59% of the stock is owned by institutional investors.

SelectQuote Price Performance

Shares of SLQT opened at $2.78 on Monday. SelectQuote, Inc. has a 52-week low of $1.03 and a 52-week high of $4.46. The company has a debt-to-equity ratio of 2.36, a quick ratio of 6.66 and a current ratio of 6.66. The business’s 50 day moving average price is $2.43 and its two-hundred day moving average price is $2.89. The firm has a market cap of $476.80 million, a PE ratio of -9.93 and a beta of 1.22.

SelectQuote (NYSE:SLQT) last announced 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). SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. The company had revenue of $292.26 million for the quarter, compared to the consensus estimate of $275.15 million. During the same quarter last year, the company posted ($0.19) EPS. On average, equities analysts anticipate that SelectQuote, Inc. will post -0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SLQT shares. Craig Hallum started coverage on SelectQuote in a research report on Monday, September 30th. They set a “buy” rating and a $4.50 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $4.00 price target on shares of SelectQuote in a research report on Friday, November 22nd.

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.