Kornitzer Capital Management Inc. KS Takes $1.88 Million Position in Health Insurance Innovations Inc (HIIQ)

Kornitzer Capital Management Inc. KS purchased a new position in Health Insurance Innovations Inc (NASDAQ:HIIQ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 30,445 shares of the financial services provider’s stock, valued at approximately $1,877,000. Kornitzer Capital Management Inc. KS owned 0.18% of Health Insurance Innovations at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HIIQ. Harvest Fund Management Co. Ltd bought a new stake in shares of Health Insurance Innovations during the 3rd quarter valued at $119,000. Sawtooth Solutions LLC bought a new stake in shares of Health Insurance Innovations during the 3rd quarter valued at $211,000. Cim LLC bought a new stake in shares of Health Insurance Innovations during the 3rd quarter valued at $246,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Health Insurance Innovations during the 2nd quarter valued at $259,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Health Insurance Innovations during the 2nd quarter valued at $310,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

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

HIIQ opened at $32.43 on Thursday. The firm has a market cap of $549.56 million, a P/E ratio of 27.03 and a beta of 0.90. Health Insurance Innovations Inc has a fifty-two week low of $21.08 and a fifty-two week high of $63.13.

Health Insurance Innovations (NASDAQ:HIIQ) last posted its earnings results on Monday, October 29th. The financial services provider reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The company had revenue of $74.00 million during 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%. Health Insurance Innovations’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the company posted $0.46 earnings per share. As a group, equities analysts predict that Health Insurance Innovations Inc will post 1.93 EPS for the current fiscal 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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