Traders Purchase Large Volume of Call Options on SelectQuote (NYSE:SLQT)

SelectQuote, Inc. (NYSE:SLQT) saw unusually large options trading on Tuesday. Stock traders purchased 17,533 call options on the stock. This represents an increase of approximately 1,254% compared to the typical daily volume of 1,295 call options.

Analyst Ratings Changes

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a research report on Friday, November 22nd.

SelectQuote Price Performance

Shares of SLQT stock opened at $5.62 on Thursday. The company has a market capitalization of $963.89 million, a PE ratio of -20.07 and a beta of 1.15. The firm has a fifty day simple moving average of $3.82 and a 200-day simple moving average of $3.12. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 2.36. SelectQuote has a twelve month low of $1.41 and a twelve month high of $6.86.

SelectQuote (NYSE:SLQT) last announced its earnings results on Monday, February 10th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.21. SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. Equities research analysts anticipate that SelectQuote will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of SelectQuote by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 7,363,421 shares of the company’s stock worth $27,392,000 after purchasing an additional 120,280 shares during the period. Geode Capital Management LLC increased its stake in SelectQuote by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,081,391 shares of the company’s stock valued at $6,688,000 after buying an additional 43,197 shares during the period. State Street Corp increased its stake in SelectQuote by 0.7% during the 3rd quarter. State Street Corp now owns 2,894,067 shares of the company’s stock valued at $6,280,000 after buying an additional 21,413 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of SelectQuote by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,191,701 shares of the company’s stock valued at $4,433,000 after purchasing an additional 10,038 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of SelectQuote by 23.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 772,831 shares of the company’s stock valued at $2,875,000 after purchasing an additional 149,283 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors.

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.