Bridgeway Capital Management Inc. cut its position in Health Insurance Innovations Inc (NASDAQ:HIIQ) by 44.4% in the third quarter, HoldingsChannel.com reports. The firm owned 18,800 shares of the financial services provider’s stock after selling 15,000 shares during the period. Bridgeway Capital Management Inc.’s holdings in Health Insurance Innovations were worth $1,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vident Investment Advisory LLC lifted its position in Health Insurance Innovations by 8.0% during the 2nd quarter. Vident Investment Advisory LLC now owns 18,935 shares of the financial services provider’s stock worth $613,000 after acquiring an additional 1,409 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Health Insurance Innovations during the 3rd quarter worth approximately $119,000. Globeflex Capital L P lifted its position in Health Insurance Innovations by 14.3% during the 2nd quarter. Globeflex Capital L P now owns 16,000 shares of the financial services provider’s stock worth $518,000 after acquiring an additional 2,000 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Health Insurance Innovations by 3.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 61,727 shares of the financial services provider’s stock worth $1,997,000 after acquiring an additional 2,046 shares during the period. Finally, First Trust Advisors LP lifted its position in Health Insurance Innovations by 20.0% during the 2nd quarter. First Trust Advisors LP now owns 13,905 shares of the financial services provider’s stock worth $450,000 after acquiring an additional 2,315 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on HIIQ shares. Zacks Investment Research raised Health Insurance Innovations from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 28th. B. Riley increased their price objective on Health Insurance Innovations from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. BidaskClub cut Health Insurance Innovations from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. ValuEngine cut Health Insurance Innovations from a “buy” rating to a “hold” rating in a research report on Tuesday, November 27th. Finally, Craig Hallum increased their price objective on Health Insurance Innovations from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Health Insurance Innovations has a consensus rating of “Buy” and a consensus target price of $55.62.

Shares of HIIQ stock opened at $34.34 on Friday. The company has a market cap of $549.56 million, a PE ratio of 28.28 and a beta of 0.90. Health Insurance Innovations Inc has a 12-month low of $21.20 and a 12-month high of $63.13.

Health Insurance Innovations (NASDAQ:HIIQ) last issued its earnings results on Monday, October 29th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The business had revenue of $74.00 million during the quarter, compared to the consensus estimate of $73.39 million. Health Insurance Innovations had a return on equity of 20.81% and a net margin of 4.89%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. As a group, research analysts anticipate that Health Insurance Innovations Inc will post 1.93 earnings per share for the current year.

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Health Insurance Innovations Company Profile

Health Insurance Innovations, Inc operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provides three months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits; and supplemental insurance products, including pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies.

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Institutional Ownership by Quarter for Health Insurance Innovations (NASDAQ:HIIQ)

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