Cibc World Markets Corp Invests $47,000 in SelectQuote, Inc. (NYSE:SLQT)

Cibc World Markets Corp purchased a new stake in shares of SelectQuote, Inc. (NYSE:SLQT) in the 4th quarter, Holdings Channel reports. The fund purchased 12,709 shares of the company’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. acquired a new stake in shares of SelectQuote during the fourth quarter worth approximately $47,000. Raymond James Financial Inc. acquired a new stake in SelectQuote during the 4th quarter valued at $97,000. Intech Investment Management LLC bought a new position in SelectQuote in the 3rd quarter valued at $123,000. Virtu Financial LLC acquired a new position in SelectQuote in the third quarter worth $150,000. Finally, Quantbot Technologies LP acquired a new position in SelectQuote in the third quarter worth $153,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Noble Financial raised SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th.

SelectQuote Stock Performance

SLQT stock opened at $3.54 on Friday. The company has a 50 day moving average price of $4.36 and a 200 day moving average price of $3.29. SelectQuote, Inc. has a fifty-two week low of $1.48 and a fifty-two week 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 stock has a market capitalization of $609.91 million, a PE ratio of -39.37 and a beta of 1.13.

SelectQuote (NYSE:SLQT) 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 4.38% and a negative net margin of 0.95%. Analysts forecast that SelectQuote, Inc. will post -0.07 EPS for the current year.

Insider Activity

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the stock in a transaction 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 of the company’s stock, valued at $6,343.04. This represents a 97.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.40% of the company’s stock.

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.