Arrowstreet Capital Limited Partnership Sells 230,652 Shares of SelectQuote, Inc. (NYSE:SLQT)

Arrowstreet Capital Limited Partnership cut its stake in SelectQuote, Inc. (NYSE:SLQT - Free Report) by 44.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 283,016 shares of the company's stock after selling 230,652 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.17% of SelectQuote worth $1,053,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. purchased a new stake in shares of SelectQuote in the fourth quarter worth about $47,000. Cibc World Markets Corp bought a new position in SelectQuote in the 4th quarter valued at $47,000. Raymond James Financial Inc. purchased a new position in shares of SelectQuote during the 4th quarter valued at $97,000. Virtu Financial LLC bought a new position in shares of SelectQuote in the third quarter worth $150,000. Finally, SG Americas Securities LLC raised its position in shares of 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 buying an additional 8,660 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company's stock.

SelectQuote Price Performance

SLQT stock traded up $0.04 during mid-day trading on Thursday, hitting $3.23. 460,430 shares of the stock were exchanged, compared to its average volume of 1,337,366. SelectQuote, Inc. has a 12 month low of $1.48 and a 12 month 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. The business has a fifty day moving average price of $4.01 and a 200 day moving average price of $3.38. The stock has a market capitalization of $555.16 million, a price-to-earnings ratio of -35.74 and a beta of 1.25.

SelectQuote (NYSE:SLQT - Get Free Report) last issued 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 return on equity of 4.38% and a negative net margin of 0.95%. On average, sell-side analysts anticipate that SelectQuote, Inc. will post -0.07 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Activity

In other SelectQuote news, insider Sarah Taylor Anderson sold 50,000 shares of the company's 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 completion of the transaction, the insider now directly owns 1,166 shares in the company, valued at approximately $6,343.04. This represents a 97.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.40% of the company's stock.

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.