Ibex Investors LLC Invests $218,000 in Health Insurance Innovations Inc (HIIQ)
Ibex Investors LLC bought a new stake in shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,536 shares of the financial services provider’s stock, valued at approximately $218,000.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in Health Insurance Innovations by 6.1% in the second quarter. Renaissance Technologies LLC now owns 1,012,300 shares of the financial services provider’s stock worth $32,748,000 after acquiring an additional 57,800 shares during the period. BlackRock Inc. increased its holdings in shares of Health Insurance Innovations by 6.9% during the third quarter. BlackRock Inc. now owns 839,358 shares of the financial services provider’s stock valued at $51,745,000 after acquiring an additional 54,419 shares in the last quarter. Cannell Capital LLC increased its holdings in shares of Health Insurance Innovations by 2.1% during the second quarter. Cannell Capital LLC now owns 751,793 shares of the financial services provider’s stock valued at $24,321,000 after acquiring an additional 15,700 shares in the last quarter. Ashford Capital Management Inc. increased its holdings in shares of Health Insurance Innovations by 14.5% during the second quarter. Ashford Capital Management Inc. now owns 504,525 shares of the financial services provider’s stock valued at $16,321,000 after acquiring an additional 63,943 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Health Insurance Innovations during the second quarter valued at about $7,759,000. 78.63% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Health Insurance Innovations from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. Zacks Investment Research upgraded shares of Health Insurance Innovations from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 28th. ValuEngine downgraded shares of Health Insurance Innovations from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. Cantor Fitzgerald restated a “buy” rating and set a $65.00 price objective on shares of Health Insurance Innovations in a report on Friday, November 16th. Finally, TheStreet upgraded shares of Health Insurance Innovations from a “c” rating to a “b-” rating in a report on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Health Insurance Innovations currently has an average rating of “Buy” and an average price target of $55.62.
Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings data on Monday, October 29th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The business had revenue of $74.00 million for the quarter, compared to analysts’ expectations of $73.39 million. Health Insurance Innovations had a net margin of 4.89% and a return on equity of 20.81%. The business’s revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. Analysts expect that Health Insurance Innovations Inc will post 1.93 earnings per share for the current year.
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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