KCM Investment Advisors LLC Takes Position in SelectQuote, Inc. (NYSE:SLQT)

KCM Investment Advisors LLC acquired a new position in SelectQuote, Inc. (NYSE:SLQT - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 280,000 shares of the company's stock, valued at approximately $608,000. KCM Investment Advisors LLC owned about 0.16% of SelectQuote at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SLQT. TFB Advisors LLC acquired a new position in SelectQuote during the second quarter worth about $29,000. Headlands Technologies LLC acquired a new position in shares of SelectQuote during the 1st quarter worth approximately $36,000. Public Employees Retirement System of Ohio grew its position in shares of SelectQuote by 882.6% in the first quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company's stock valued at $40,000 after purchasing an additional 17,916 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of SelectQuote in the first quarter valued at approximately $40,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of SelectQuote by 18.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company's stock valued at $83,000 after purchasing an additional 6,555 shares during the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SLQT has been the subject of several analyst reports. Craig Hallum began coverage on SelectQuote in a report on Monday, September 30th. They issued a "buy" rating and a $4.50 target price for the company. Royal Bank of Canada reissued a "sector perform" rating and set a $4.00 price target on shares of SelectQuote in a research report on Tuesday, October 29th.

SelectQuote Trading Down 2.8 %

SLQT traded down $0.07 during trading hours on Friday, reaching $2.45. The company's stock had a trading volume of 586,501 shares, compared to its average volume of 1,032,279. The stock has a market cap of $420.20 million, a PE ratio of -8.75 and a beta of 1.06. SelectQuote, Inc. has a fifty-two week low of $1.03 and a fifty-two week high of $4.46. The company has a debt-to-equity ratio of 2.36, a current ratio of 6.66 and a quick ratio of 6.66. The business's 50-day moving average is $2.22 and its 200-day moving average is $2.85.

SelectQuote (NYSE:SLQT - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The business had revenue of $292.26 million during the quarter, compared to analyst estimates of $275.15 million. SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. During the same period last year, the company earned ($0.19) EPS. As a group, equities research analysts predict that SelectQuote, Inc. will post -0.2 earnings per share for the current fiscal 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.