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

SelectQuote, Inc. (NYSE:SLQT) was the target of some unusual options trading on Tuesday. Stock traders acquired 17,533 call options on the stock. This is an increase of 1,254% compared to the average volume of 1,295 call options.

Analyst Ratings Changes

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

SelectQuote Stock Down 1.9 %

NYSE:SLQT opened at $5.62 on Thursday. SelectQuote has a 12-month low of $1.41 and a 12-month high of $6.86. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $963.89 million, a P/E ratio of -20.07 and a beta of 1.15. The stock’s fifty day simple moving average is $3.82 and its 200-day simple moving average is $3.12.

SelectQuote (NYSE:SLQT) last released its quarterly earnings data on Monday, February 10th. The company reported $0.30 EPS 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 expect that SelectQuote will post -0.2 earnings per share for the current year.

Institutional Trading of SelectQuote

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in SelectQuote by 158.8% during the second quarter. Dimensional Fund Advisors LP now owns 278,224 shares of the company’s stock valued at $768,000 after purchasing an additional 170,726 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of SelectQuote by 111.7% during the second quarter. AQR Capital Management LLC now owns 88,937 shares of the company’s stock valued at $245,000 after purchasing an additional 46,919 shares during the period. SG Americas Securities LLC lifted its stake in SelectQuote by 97.4% in the third quarter. SG Americas Securities LLC now owns 82,848 shares of the company’s stock worth $180,000 after acquiring an additional 40,884 shares during the period. Creative Planning raised its holdings in SelectQuote by 6.6% in the third quarter. Creative Planning now owns 100,019 shares of the company’s stock worth $217,000 after purchasing an additional 6,150 shares in the last quarter. Finally, Iridian Asset Management LLC CT bought a new position in shares of SelectQuote during the third quarter valued at $222,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

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.