Marshall Wace LLP Purchases 341,981 Shares of SelectQuote, Inc. (NYSE:SLQT)

Marshall Wace LLP grew its position in SelectQuote, Inc. (NYSE:SLQT - Free Report) by 48.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,052,239 shares of the company's stock after purchasing an additional 341,981 shares during the period. Marshall Wace LLP owned about 0.61% of SelectQuote worth $3,914,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Cibc World Markets Corp bought a new stake in shares of SelectQuote during the fourth quarter worth $47,000. Oppenheimer & Co. Inc. bought a new stake in SelectQuote during the 4th quarter worth about $47,000. Raymond James Financial Inc. acquired a new stake in SelectQuote in the 4th quarter valued at about $97,000. Virtu Financial LLC bought a new position in shares of SelectQuote in the third quarter worth about $150,000. Finally, SG Americas Securities LLC lifted its position in shares of SelectQuote by 10.5% during 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 in the last quarter. Institutional investors own 34.59% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Noble Financial upgraded shares of SelectQuote to a "strong-buy" rating in a research report on Wednesday, February 12th.

SelectQuote Trading Up 2.4 %

SLQT stock traded up $0.08 during midday trading on Thursday, reaching $3.25. The stock had a trading volume of 127,332 shares, compared to its average volume of 1,360,168. 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 twelve month low of $1.48 and a twelve month high of $6.86. The firm has a market cap of $558.61 million, a price-to-earnings ratio of -36.06 and a beta of 1.25. The business has a fifty day simple moving average of $3.54 and a two-hundred day simple moving average of $3.45.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.21. SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. As a group, research analysts expect that SelectQuote, Inc. will post -0.07 EPS for the current fiscal year.

Insider Activity

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the company'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 sale, the insider now directly owns 1,166 shares of the company's stock, valued at $6,343.04. This represents a 97.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.40% of the stock is currently owned by company insiders.

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.