IHT Wealth Management LLC Raises Stock Position in SelectQuote, Inc. (NYSE:SLQT)

IHT Wealth Management LLC grew its holdings in SelectQuote, Inc. (NYSE:SLQT) by 35.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,605 shares of the company’s stock after acquiring an additional 24,605 shares during the period. IHT Wealth Management LLC owned about 0.06% of SelectQuote worth $205,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TFB Advisors LLC purchased a new position in shares of SelectQuote in the 2nd quarter valued at $29,000. Mason Investment Advisory Services Inc. raised its stake in shares of SelectQuote by 33.3% in the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after acquiring an additional 5,000 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of SelectQuote by 18.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock valued at $83,000 after acquiring an additional 6,555 shares during the period. Algert Global LLC raised its stake in shares of SelectQuote by 147.1% in the 2nd quarter. Algert Global LLC now owns 50,429 shares of the company’s stock valued at $139,000 after acquiring an additional 30,019 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of SelectQuote in the 3rd quarter valued at $123,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SLQT shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $4.00 price target on shares of SelectQuote in a report on Friday, November 22nd. Craig Hallum started 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 Price Performance

SLQT opened at $2.82 on Wednesday. The company has a fifty day simple moving average of $2.37 and a 200 day simple moving average of $2.89. The firm has a market cap of $482.79 million, a price-to-earnings ratio of -10.05 and a beta of 1.22. SelectQuote, Inc. has a twelve month low of $1.03 and a twelve month high of $4.46. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 2.36.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The company had revenue of $292.26 million for the quarter, compared to analyst estimates of $275.15 million. SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. During the same period in the prior year, the business earned ($0.19) earnings per share. Equities research analysts expect that SelectQuote, Inc. will post -0.2 EPS 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.