ProShare Advisors LLC Acquires 12,955 Shares of SelectQuote, Inc. (NYSE:SLQT)

ProShare Advisors LLC raised its holdings in SelectQuote, Inc. (NYSE:SLQT) by 51.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,248 shares of the company’s stock after purchasing an additional 12,955 shares during the quarter. ProShare Advisors LLC’s holdings in SelectQuote were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC purchased a new stake in SelectQuote in the 4th quarter worth about $46,000. Oppenheimer & Co. Inc. purchased a new stake in SelectQuote during the fourth quarter valued at about $47,000. Cibc World Markets Corp bought a new position in SelectQuote during the fourth quarter worth about $47,000. Bayesian Capital Management LP purchased a new position in shares of SelectQuote in the fourth quarter worth about $55,000. Finally, Raymond James Financial Inc. purchased a new position in shares of SelectQuote in the fourth quarter worth about $97,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

SelectQuote Stock Down 1.4%

SLQT stock opened at $2.14 on Tuesday. The company has a quick ratio of 6.36, a current ratio of 6.36 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $369.62 million, a PE ratio of -23.78 and a beta of 1.26. SelectQuote, Inc. has a twelve month low of $1.62 and a twelve month high of $6.86. The stock has a 50-day simple moving average of $2.85 and a two-hundred day simple moving average of $3.50.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SLQT shares. Jefferies Financial Group started coverage on shares of SelectQuote in a research note on Wednesday, May 21st. They set a “hold” rating and a $2.75 price target on the stock. Noble Financial upgraded SelectQuote to a “strong-buy” rating in a research report 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.