SelectQuote (NYSE:SLQT) Trading Down 7.1%

SelectQuote, Inc. (NYSE:SLQT) shares were down 7.1% on Tuesday . The stock traded as low as $3.38 and last traded at $3.40. Approximately 341,967 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 837,639 shares. The stock had previously closed at $3.66.

SelectQuote Stock Up 1.0 %

The stock has a fifty day moving average of $3.33 and a two-hundred day moving average of $2.51. The company has a quick ratio of 6.34, a current ratio of 6.34 and a debt-to-equity ratio of 1.87. The stock has a market cap of $586.14 million, a price-to-earnings ratio of -10.97 and a beta of 1.08.

Hedge Funds Weigh In On SelectQuote

Several hedge funds and other institutional investors have recently modified their holdings of SLQT. Jacobs Levy Equity Management Inc. lifted its stake 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 worth $2,323,000 after purchasing an additional 808,850 shares in the last quarter. Headlands Technologies LLC purchased a new position in SelectQuote in the 1st quarter worth approximately $36,000. Blue Zone Wealth Advisors LLC acquired a new stake in SelectQuote in the first quarter valued at approximately $92,000. Price T Rowe Associates Inc. MD raised its stake in shares of SelectQuote by 18.8% during 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 during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of SelectQuote by 882.6% during the first 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 during the period. 34.59% of the stock is owned by institutional investors and hedge funds.

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.