SelectQuote (NYSE:SLQT) Shares Down 7.1%

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

SelectQuote Price Performance

The company has a market cap of $566.69 million, a P/E ratio of -10.47 and a beta of 1.08. The stock has a 50-day simple moving average of $3.31 and a 200 day simple moving average of $2.49. The company has a debt-to-equity ratio of 1.87, a quick ratio of 6.34 and a current ratio of 6.34.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLQT. Jacobs Levy Equity Management Inc. grew its position in SelectQuote by 229.3% in the first 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 in the last quarter. Headlands Technologies LLC bought a new position in shares of SelectQuote in the 1st quarter valued at about $36,000. Blue Zone Wealth Advisors LLC acquired a new stake in shares of SelectQuote in the first quarter valued at about $92,000. Public Employees Retirement System of Ohio raised its holdings in SelectQuote by 882.6% during the first quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock worth $40,000 after acquiring an additional 17,916 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in SelectQuote during the first quarter valued at approximately $40,000. 34.59% of the stock is currently owned by 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.