AQR Capital Management LLC Buys 46,919 Shares of SelectQuote, Inc. (NYSE:SLQT)

AQR Capital Management LLC grew its holdings in SelectQuote, Inc. (NYSE:SLQT) by 111.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,937 shares of the company’s stock after purchasing an additional 46,919 shares during the period. AQR Capital Management LLC’s holdings in SelectQuote were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in SLQT. TFB Advisors LLC bought a new position in SelectQuote in the second quarter worth about $29,000. Headlands Technologies LLC acquired a new position in shares of SelectQuote in the 1st quarter valued at $36,000. Public Employees Retirement System of Ohio raised its stake in shares of SelectQuote by 882.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock valued at $40,000 after acquiring an additional 17,916 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of SelectQuote in the 1st quarter valued at approximately $40,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of SelectQuote by 18.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock valued at $83,000 after purchasing an additional 6,555 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Craig Hallum initiated coverage on shares of SelectQuote in a report on Monday, September 30th. They set a “buy” rating and a $4.50 price target for the company.

SelectQuote Stock Down 6.7 %

SLQT stock opened at $2.10 on Friday. The company has a fifty day moving average price of $2.82 and a 200 day moving average price of $2.79. SelectQuote, Inc. has a 12 month low of $1.03 and a 12 month high of $4.46. The company has a market cap of $360.07 million, a price-to-earnings ratio of -10.00 and a beta of 1.05. The company has a debt-to-equity ratio of 2.01, a current ratio of 6.84 and a quick ratio of 6.84.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings data on Friday, September 13th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $307.21 million for the quarter. SelectQuote had a negative return on equity of 10.37% and a negative net margin of 2.58%. Sell-side analysts expect that SelectQuote, Inc. will post -0.16 earnings per share for the current year.

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.