SelectQuote (NYSE:SLQT) Shares Up 4.2%

SelectQuote, Inc. (NYSE:SLQT) shot up 4.2% on Wednesday . The stock traded as high as $3.27 and last traded at $3.26. 332,628 shares were traded during mid-day trading, a decline of 60% from the average session volume of 841,014 shares. The stock had previously closed at $3.13.

SelectQuote Stock Performance

The company has a market capitalization of $595.44 million, a PE ratio of -11.00 and a beta of 1.08. The company has a quick ratio of 6.34, a current ratio of 6.34 and a debt-to-equity ratio of 1.87. The company has a 50-day moving average price of $3.30 and a two-hundred day moving average price of $2.45.

Hedge Funds Weigh In On SelectQuote

Several hedge funds have recently made changes to their positions in the stock. TFB Advisors LLC bought a new stake in SelectQuote during the second quarter valued at $29,000. Headlands Technologies LLC bought a new stake in SelectQuote during the first quarter valued at $36,000. Public Employees Retirement System of Ohio boosted its stake in SelectQuote by 882.6% during the first quarter. Public Employees Retirement System of Ohio now owns 19,946 shares of the company’s stock valued at $40,000 after buying an additional 17,916 shares during the period. Quadrature Capital Ltd bought a new stake in SelectQuote during the first quarter valued at $40,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in SelectQuote by 18.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,414 shares of the company’s stock valued at $83,000 after buying an additional 6,555 shares during the period. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

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.