Bridgeway Capital Management LLC Sells 108,135 Shares of SelectQuote, Inc. (NYSE:SLQT)

Bridgeway Capital Management LLC cut its stake in SelectQuote, Inc. (NYSE:SLQT) by 40.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157,200 shares of the company’s stock after selling 108,135 shares during the quarter. Bridgeway Capital Management LLC’s holdings in SelectQuote were worth $585,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its stake in SelectQuote by 166.8% in the third quarter. Barclays PLC now owns 198,357 shares of the company’s stock worth $430,000 after purchasing an additional 124,005 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in SelectQuote by 36.9% in the third quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company’s stock worth $932,000 after purchasing an additional 115,865 shares during the last quarter. SG Americas Securities LLC lifted its stake in SelectQuote by 10.5% in the fourth quarter. SG Americas Securities LLC now owns 91,508 shares of the company’s stock worth $340,000 after purchasing an additional 8,660 shares during the last quarter. Rhumbline Advisers lifted its stake in SelectQuote by 2.6% in the fourth quarter. Rhumbline Advisers now owns 209,743 shares of the company’s stock worth $780,000 after purchasing an additional 5,235 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in SelectQuote in the fourth quarter worth about $47,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

SelectQuote Stock Performance

Shares of SLQT stock opened at $2.68 on Monday. The firm has a market cap of $461.35 million, a price-to-earnings ratio of -29.78 and a beta of 1.26. The company’s 50 day moving average is $3.29 and its 200 day moving average is $3.50. The company has a quick ratio of 6.36, a current ratio of 6.36 and a debt-to-equity ratio of 2.10. SelectQuote, Inc. has a 52-week low of $1.62 and a 52-week high of $6.86.

SelectQuote (NYSE:SLQT) last announced its earnings results on Monday, February 10th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.21. SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. On average, sell-side analysts anticipate that SelectQuote, Inc. will post -0.07 EPS for the current fiscal year.

Insider Transactions at SelectQuote

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $5.44, for a total value of $272,000.00. Following the completion of the transaction, the insider now owns 1,166 shares of the company’s stock, valued at $6,343.04. The trade was a 97.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 11.40% of the company’s stock.

Analysts Set New Price Targets

Separately, Noble Financial raised shares of SelectQuote to a “strong-buy” rating in a research note on Wednesday, February 12th.

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.