Bank of America Corp DE Purchases 81,606 Shares of SelectQuote, Inc. (NYSE:SLQT)

Bank of America Corp DE grew its position in SelectQuote, Inc. (NYSE:SLQT) by 15.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 598,461 shares of the company’s stock after acquiring an additional 81,606 shares during the period. Bank of America Corp DE owned 0.35% of SelectQuote worth $2,226,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SLQT. OneDigital Investment Advisors LLC bought a new position in shares of SelectQuote in the fourth quarter valued at approximately $46,000. Oppenheimer & Co. Inc. bought a new position in shares of SelectQuote in the fourth quarter valued at approximately $47,000. Cibc World Markets Corp bought a new position in shares of SelectQuote in the fourth quarter valued at approximately $47,000. Raymond James Financial Inc. bought a new position in shares of SelectQuote in the fourth quarter valued at approximately $97,000. Finally, Paloma Partners Management Co bought a new position in shares of SelectQuote in the fourth quarter valued at approximately $142,000. Institutional investors own 34.59% of the company’s stock.

SelectQuote Stock Performance

Shares of SelectQuote stock opened at $2.14 on Tuesday. 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 firm has a market cap of $369.62 million, a P/E ratio of -23.78 and a beta of 1.26. The firm has a 50 day simple moving average of $2.85 and a 200 day simple moving average of $3.50. SelectQuote, Inc. has a fifty-two week low of $1.62 and a fifty-two week high of $6.86.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $408.16 million during the quarter, compared to analyst estimates of $412.83 million. SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. Sell-side analysts predict that SelectQuote, Inc. will post -0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a research note on Wednesday, February 12th. Jefferies Financial Group started coverage on shares of SelectQuote in a report on Wednesday, May 21st. They issued a “hold” rating and a $2.75 price target for the company.

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.