Sona Asset Management US LLC purchased a new position in shares of SelectQuote, Inc. (NYSE:SLQT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 765,191 shares of the company's stock, valued at approximately $2,847,000. Sona Asset Management US LLC owned about 0.45% of SelectQuote as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of SelectQuote by 166.8% during the 3rd quarter. Barclays PLC now owns 198,357 shares of the company's stock worth $430,000 after buying an additional 124,005 shares during the last quarter. JPMorgan Chase & Co. lifted its position in SelectQuote by 36.9% during the third quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company's stock valued at $932,000 after buying an additional 115,865 shares in the last quarter. SG Americas Securities LLC grew its stake in 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 buying an additional 8,660 shares during the period. Rhumbline Advisers increased its position in shares of SelectQuote by 2.6% in the fourth quarter. Rhumbline Advisers now owns 209,743 shares of the company's stock worth $780,000 after acquiring an additional 5,235 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of SelectQuote in the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 34.59% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Noble Financial upgraded SelectQuote to a "strong-buy" rating in a report on Wednesday, February 12th. Jefferies Financial Group began coverage on SelectQuote in a report on Wednesday. They issued a "hold" rating and a $2.75 price objective for the company.
Check Out Our Latest Stock Analysis on SelectQuote
SelectQuote Stock Performance
SelectQuote stock traded down $0.07 during mid-day trading on Wednesday, reaching $2.21. The company's stock had a trading volume of 541,090 shares, compared to its average volume of 1,410,851. The firm has a market cap of $380.85 million, a price-to-earnings ratio of -24.50 and a beta of 1.26. SelectQuote, Inc. has a twelve month low of $1.62 and a twelve month high of $6.86. The business has a 50 day moving average price of $3.12 and a 200-day moving average price of $3.51. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10.
SelectQuote (NYSE:SLQT - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The company had revenue of $408.16 million for the quarter, compared to analyst estimates of $412.83 million. SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. Sell-side analysts predict that SelectQuote, Inc. will post -0.07 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, insider Sarah Taylor Anderson sold 50,000 shares of the stock in a transaction on 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 approximately $6,343.04. This represents a 97.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 11.40% of the stock is owned by insiders.
SelectQuote Profile
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Free Report)
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.
See Also
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