Kavar Capital Partners Group LLC Increases Position in SelectQuote, Inc. (NYSE:SLQT)

Kavar Capital Partners Group LLC lifted its stake in SelectQuote, Inc. (NYSE:SLQT) by 19.6% in the 1st quarter, HoldingsChannel reports. The fund owned 377,624 shares of the company’s stock after purchasing an additional 61,988 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in SelectQuote were worth $1,261,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SLQT. Bank of Montreal Can grew its holdings in SelectQuote by 1.3% in the fourth quarter. Bank of Montreal Can now owns 202,675 shares of the company’s stock worth $754,000 after purchasing an additional 2,674 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of SelectQuote by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,907 shares of the company’s stock worth $286,000 after purchasing an additional 3,352 shares in the last quarter. Invesco Ltd. grew its stake in SelectQuote by 1.7% during the 4th quarter. Invesco Ltd. now owns 225,293 shares of the company’s stock worth $838,000 after buying an additional 3,776 shares during the last quarter. Rhumbline Advisers grew its stake in SelectQuote by 2.6% during the 4th quarter. Rhumbline Advisers now owns 209,743 shares of the company’s stock worth $780,000 after buying an additional 5,235 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in SelectQuote by 6.8% during the 1st quarter. SG Americas Securities LLC now owns 97,728 shares of the company’s stock valued at $326,000 after buying an additional 6,220 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on SLQT. Jefferies Financial Group assumed coverage on SelectQuote in a report on Wednesday, May 21st. They issued a “hold” rating and a $2.75 price target for the company. Wall Street Zen cut shares of SelectQuote from a “buy” rating to a “hold” rating in a research note on Sunday. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $3.75.

SelectQuote Stock Performance

Shares of SLQT opened at $2.32 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 6.46 and a current ratio of 6.46. The stock has a 50-day moving average of $2.48 and a two-hundred day moving average of $3.43. The stock has a market cap of $400.71 million, a P/E ratio of -21.09 and a beta of 1.11. SelectQuote, Inc. has a one year low of $1.62 and a one year high of $6.86.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). SelectQuote had a net margin of 0.25% and a return on equity of 1.17%. The business had revenue of $408.16 million for the quarter, compared to analyst estimates of $412.83 million. As a group, research analysts predict that SelectQuote, Inc. will post -0.07 EPS for the current year.

SelectQuote 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.