SelectQuote, Inc. (NYSE:SLQT) Stock Holdings Reduced by Alliancebernstein L.P.

Alliancebernstein L.P. cut its position in shares of SelectQuote, Inc. (NYSE:SLQT) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,806 shares of the company’s stock after selling 29,340 shares during the period. Alliancebernstein L.P. owned 0.10% of SelectQuote worth $647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. bought a new stake in SelectQuote in the fourth quarter worth $47,000. Cibc World Markets Corp acquired a new stake in shares of SelectQuote in the fourth quarter worth about $47,000. Raymond James Financial Inc. bought a new stake in shares of SelectQuote during the 4th quarter worth about $97,000. Virtu Financial LLC acquired a new position in shares of SelectQuote during the 3rd quarter valued at about $150,000. Finally, SG Americas Securities LLC raised its stake in shares of SelectQuote by 10.5% in the 4th quarter. SG Americas Securities LLC now owns 91,508 shares of the company’s stock valued at $340,000 after acquiring an additional 8,660 shares in the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at SelectQuote

In other SelectQuote news, insider Sarah Taylor Anderson sold 50,000 shares of the company’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 completion of 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 legal filing with the SEC, which is available at this link. Insiders own 11.40% of the company’s stock.

SelectQuote Trading Up 1.1 %

Shares of NYSE:SLQT opened at $3.23 on Friday. SelectQuote, Inc. has a 52-week low of $1.48 and a 52-week high of $6.86. 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 company has a market cap of $555.16 million, a P/E ratio of -35.83 and a beta of 1.25. The stock’s 50-day moving average is $3.94 and its 200-day moving average is $3.40.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.30 EPS for the quarter, topping 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%. Equities research analysts predict that SelectQuote, Inc. will post -0.07 earnings per share 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.