SelectQuote (NYSE:SLQT) Shares Down 4.4%

SelectQuote, Inc. (NYSE:SLQT)’s stock price traded down 4.4% on Friday . The stock traded as low as $3.93 and last traded at $3.93. 314,285 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 847,551 shares. The stock had previously closed at $4.11.

SelectQuote Trading Down 0.7 %

The company has a market capitalization of $690.17 million, a P/E ratio of -12.83 and a beta of 1.08. The company has a debt-to-equity ratio of 1.87, a quick ratio of 6.34 and a current ratio of 6.34. The stock has a fifty day moving average of $3.47 and a 200 day moving average of $2.61.

Institutional Investors Weigh In On SelectQuote

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLQT. Jacobs Levy Equity Management Inc. boosted its holdings in shares of SelectQuote by 229.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,161,593 shares of the company’s stock valued at $2,323,000 after purchasing an additional 808,850 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of SelectQuote in the 2nd quarter worth $545,000. Panagora Asset Management Inc. increased 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 worth $1,132,000 after buying an additional 189,029 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of SelectQuote by 158.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company’s stock worth $768,000 after buying an additional 170,726 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of SelectQuote by 14.1% during 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 in the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

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.