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

KCM Investment Advisors LLC trimmed its stake in SelectQuote, Inc. (NYSE:SLQT) by 83.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,608 shares of the company’s stock after selling 232,392 shares during the quarter. KCM Investment Advisors LLC’s holdings in SelectQuote were worth $177,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. bought a new position in shares of SelectQuote during the 4th quarter worth about $47,000. Cibc World Markets Corp acquired a new stake in SelectQuote in the fourth quarter valued at approximately $47,000. Raymond James Financial Inc. bought a new stake in shares of SelectQuote during the fourth quarter valued at 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 bought a new position in shares of SelectQuote in the 3rd quarter worth $150,000. 34.59% of the stock is owned by institutional investors.

SelectQuote Price Performance

Shares of NYSE SLQT opened at $3.19 on Monday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 6.36 and a current ratio of 6.36. The firm’s 50-day simple moving average is $4.24 and its 200 day simple moving average is $3.32. The stock has a market cap of $548.28 million, a price-to-earnings ratio of -35.39 and a beta of 1.25. SelectQuote, Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $6.86.

SelectQuote (NYSE:SLQT) last announced its 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 4.38% and a negative net margin of 0.95%. As a group, research analysts anticipate that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $5.44, for a total value of $272,000.00. Following the transaction, the insider now owns 1,166 shares in the company, valued at $6,343.04. The trade was a 97.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a research note on Wednesday, February 12th.

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.