Connor Clark & Lunn Investment Management Ltd. Buys 149,283 Shares of SelectQuote, Inc. (NYSE:SLQT)

Connor Clark & Lunn Investment Management Ltd. raised its stake in SelectQuote, Inc. (NYSE:SLQT) by 23.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 772,831 shares of the company’s stock after buying an additional 149,283 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.45% of SelectQuote worth $2,875,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mason Investment Advisory Services Inc. grew its holdings in SelectQuote by 33.3% during the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock worth $43,000 after acquiring an additional 5,000 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in SelectQuote during the fourth quarter worth approximately $47,000. Raymond James Financial Inc. bought a new stake in SelectQuote in the fourth quarter worth approximately $97,000. Intech Investment Management LLC acquired a new position in SelectQuote in the third quarter valued at approximately $123,000. Finally, Virtu Financial LLC bought a new position in shares of SelectQuote during the 3rd quarter worth approximately $150,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Insider Activity

In other news, insider Sarah Taylor Anderson sold 50,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $5.44, for a total transaction of $272,000.00. Following the completion of the transaction, the insider now directly owns 1,166 shares in the company, valued at $6,343.04. The trade was a 97.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.40% of the stock is owned by company insiders.

SelectQuote Price Performance

SLQT opened at $3.59 on Tuesday. SelectQuote, Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $6.86. The firm has a 50-day moving average of $4.41 and a 200 day moving average of $3.28. 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 firm has a market cap of $618.34 million, a P/E ratio of -39.91 and a beta of 1.13.

SelectQuote (NYSE:SLQT) last issued its earnings results on Monday, February 10th. The company reported $0.30 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that SelectQuote, Inc. will post -0.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $4.00 target price on shares of SelectQuote in a research note on Friday, November 22nd.

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.