Investors Purchase High Volume of SelectQuote Call Options (NYSE:SLQT)

SelectQuote, Inc. (NYSE:SLQT - Get Free Report) was the recipient of some unusual options trading on Tuesday. Investors acquired 17,533 call options on the company. This represents an increase of 1,254% compared to the average volume of 1,295 call options.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SLQT shares. Noble Financial upgraded SelectQuote to a "strong-buy" rating in a research report on Wednesday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $4.00 price target on shares of SelectQuote in a research report on Friday, November 22nd.

Institutional Investors Weigh In On SelectQuote

Large investors have recently modified their holdings of the business. Barclays PLC increased its holdings in shares of SelectQuote by 166.8% in the third quarter. Barclays PLC now owns 198,357 shares of the company's stock worth $430,000 after acquiring an additional 124,005 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SelectQuote by 36.9% in the third quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company's stock worth $932,000 after acquiring an additional 115,865 shares in the last quarter. KCM Investment Advisors LLC bought a new stake in shares of SelectQuote in the third quarter worth about $608,000. SG Americas Securities LLC increased its holdings 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 acquiring an additional 8,660 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of SelectQuote by 0.7% in the third quarter. State Street Corp now owns 2,894,067 shares of the company's stock worth $6,280,000 after acquiring an additional 21,413 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors.

SelectQuote Trading Up 1.4 %

Shares of SLQT traded up $0.08 during trading hours on Friday, hitting $5.99. 1,471,341 shares of the stock traded hands, compared to its average volume of 2,328,523. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 2.36. SelectQuote has a 1-year low of $1.48 and a 1-year high of $6.86. The firm has a market capitalization of $1.03 billion, a PE ratio of -21.45 and a beta of 1.15. The business has a fifty day moving average of $3.93 and a 200-day moving average of $3.16.

SelectQuote (NYSE:SLQT - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.21. SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. Analysts expect that SelectQuote will post -0.2 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.