Health Insurance Innovations (HIIQ) Shares Sold by Tenzing Global Management LLC

Tenzing Global Management LLC reduced its holdings in Health Insurance Innovations (NASDAQ:HIIQ) by 87.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,000 shares of the financial services provider’s stock after selling 272,500 shares during the quarter. Health Insurance Innovations accounts for about 0.6% of Tenzing Global Management LLC’s investment portfolio, making the stock its 12th largest position. Tenzing Global Management LLC owned 0.24% of Health Insurance Innovations worth $998,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP bought a new position in Health Insurance Innovations in the 1st quarter worth about $139,000. MetLife Investment Advisors LLC bought a new position in Health Insurance Innovations in the 4th quarter worth about $144,000. Gamco Investors INC. ET AL bought a new position in Health Insurance Innovations in the 1st quarter worth about $217,000. Bayesian Capital Management LP bought a new position in Health Insurance Innovations in the 1st quarter worth about $217,000. Finally, SG Americas Securities LLC bought a new position in Health Insurance Innovations in the 4th quarter worth about $238,000. Institutional investors and hedge funds own 76.27% of the company’s stock.

HIIQ has been the topic of a number of research analyst reports. Cantor Fitzgerald restated a “buy” rating and issued a $60.00 target price on shares of Health Insurance Innovations in a research note on Wednesday, May 2nd. Zacks Investment Research lowered Health Insurance Innovations from a “hold” rating to a “sell” rating in a research report on Wednesday, May 23rd. ValuEngine upgraded Health Insurance Innovations from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. BidaskClub upgraded Health Insurance Innovations from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Finally, Lake Street Capital increased their price objective on Health Insurance Innovations to $50.00 and gave the company a “buy” rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $42.62.

In related news, Director John Fichthorn bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The stock was bought at an average cost of $26.64 per share, for a total transaction of $133,200.00. Following the acquisition, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $79,920. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony Barkett bought 3,597 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The shares were bought at an average price of $27.65 per share, with a total value of $99,457.05. Following the completion of the acquisition, the director now directly owns 52,944 shares in the company, valued at $1,463,901.60. The disclosure for this purchase can be found here. Corporate insiders own 55.94% of the company’s stock.

Shares of Health Insurance Innovations stock opened at $34.40 on Tuesday. The stock has a market cap of $559.65 million, a PE ratio of 28.67 and a beta of 0.55. Health Insurance Innovations has a 12 month low of $12.65 and a 12 month high of $37.38.

Health Insurance Innovations (NASDAQ:HIIQ) last announced its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The firm had revenue of $67.80 million for the quarter, compared to analyst estimates of $68.53 million. Health Insurance Innovations had a return on equity of 20.15% and a net margin of 6.17%. The company’s revenue was up 21.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 EPS. sell-side analysts anticipate that Health Insurance Innovations will post 2.09 earnings per share for the current fiscal year.

Health Insurance Innovations 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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