KCM Investment Advisors LLC Has $177,000 Holdings in SelectQuote, Inc. (NYSE:SLQT)

KCM Investment Advisors LLC decreased its stake in shares of SelectQuote, Inc. (NYSE:SLQT - Free Report) by 83.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 47,608 shares of the company's stock after selling 232,392 shares during the period. KCM Investment Advisors LLC's holdings in SelectQuote were worth $177,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SLQT. Oppenheimer & Co. Inc. acquired a new stake in shares of SelectQuote in the fourth quarter valued at about $47,000. Cibc World Markets Corp acquired a new stake in SelectQuote in the 4th quarter valued at approximately $47,000. Raymond James Financial Inc. bought a new position in SelectQuote in the 4th quarter worth approximately $97,000. Intech Investment Management LLC acquired a new position in shares of SelectQuote during the third quarter worth approximately $123,000. Finally, Virtu Financial LLC acquired a new position in shares of SelectQuote during the third quarter worth approximately $150,000. 34.59% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Sarah Taylor Anderson sold 50,000 shares of the company's stock in a transaction dated 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 owns 1,166 shares of the company's stock, valued at $6,343.04. The trade was a 97.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 11.40% of the company's stock.

Analyst Upgrades and Downgrades

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

SelectQuote Stock Performance

SLQT stock traded down $0.05 during trading on Friday, reaching $3.12. 341,003 shares of the stock were exchanged, compared to its average volume of 1,318,529. SelectQuote, Inc. has a twelve month low of $1.48 and a twelve month high of $6.86. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $536.23 million, a P/E ratio of -34.61 and a beta of 1.25. The stock has a 50 day simple moving average of $4.11 and a 200-day simple moving average of $3.36.

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

About SelectQuote

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.