SelectQuote, Inc. (NYSE:SLQT) Short Interest Update

SelectQuote, Inc. (NYSE:SLQT) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,180,000 shares, an increase of 38.9% from the February 13th total of 1,570,000 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily volume of 1,890,000 shares, the short-interest ratio is presently 1.2 days.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SLQT. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th. Royal Bank of Canada reissued a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a research report on Friday, November 22nd.

Insider Buying and Selling at SelectQuote

In other SelectQuote news, insider Sarah Taylor Anderson sold 50,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $5.44, for a total value of $272,000.00. Following the sale, the insider now directly owns 1,166 shares in the company, valued at approximately $6,343.04. This trade represents a 97.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 11.40% of the company’s stock.

Hedge Funds Weigh In On SelectQuote

Several hedge funds and other institutional investors have recently bought and sold shares of SLQT. Bank of Montreal Can increased its stake in SelectQuote by 1.3% in the fourth quarter. Bank of Montreal Can now owns 202,675 shares of the company’s stock valued at $754,000 after purchasing an additional 2,674 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of SelectQuote by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,907 shares of the company’s stock valued at $286,000 after buying an additional 3,352 shares during the last quarter. Invesco Ltd. increased its position in shares of SelectQuote by 1.7% during the fourth quarter. Invesco Ltd. now owns 225,293 shares of the company’s stock worth $838,000 after acquiring an additional 3,776 shares in the last quarter. Mason Investment Advisory Services Inc. boosted its stake in SelectQuote by 33.3% during the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of SelectQuote by 2.6% in the fourth quarter. Rhumbline Advisers now owns 209,743 shares of the company’s stock valued at $780,000 after purchasing an additional 5,235 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

SelectQuote Trading Down 1.3 %

SLQT stock opened at $3.59 on Tuesday. The stock has a market cap of $618.34 million, a price-to-earnings ratio of -39.91 and a beta of 1.13. The company has a fifty day moving average price of $4.41 and a two-hundred day moving average price of $3.28. SelectQuote has a one year low of $1.48 and a one year high of $6.86. The company has a debt-to-equity ratio of 2.10, a current ratio of 6.36 and a quick ratio of 6.36.

SelectQuote (NYSE:SLQT) last announced its earnings results on Monday, February 10th. The company reported $0.30 EPS for the quarter, topping 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%. Equities analysts anticipate that SelectQuote will post -0.07 EPS for the current year.

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.