Tieton Capital Management LLC decreased its stake in shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,010 shares of the financial services provider’s stock after selling 1,920 shares during the quarter. Health Insurance Innovations makes up 6.4% of Tieton Capital Management LLC’s portfolio, making the stock its 2nd largest position. Tieton Capital Management LLC owned 0.77% of Health Insurance Innovations worth $8,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Health Insurance Innovations by 545.1% in the first quarter. JPMorgan Chase & Co. now owns 16,431 shares of the financial services provider’s stock worth $475,000 after purchasing an additional 13,884 shares during the period. Trellus Management Company LLC grew its holdings in Health Insurance Innovations by 49.2% in the second quarter. Trellus Management Company LLC now owns 29,820 shares of the financial services provider’s stock worth $965,000 after purchasing an additional 9,837 shares during the period. Alps Advisors Inc. grew its holdings in Health Insurance Innovations by 53.1% in the second quarter. Alps Advisors Inc. now owns 23,822 shares of the financial services provider’s stock worth $594,000 after purchasing an additional 8,263 shares during the period. Kaizen Advisory LLC grew its holdings in Health Insurance Innovations by 293.5% in the second quarter. Kaizen Advisory LLC now owns 37,267 shares of the financial services provider’s stock worth $1,206,000 after purchasing an additional 27,797 shares during the period. Finally, AMS Capital Ltda purchased a new stake in Health Insurance Innovations in the second quarter worth about $1,464,000. Institutional investors own 89.13% of the company’s stock.

A number of equities research analysts have weighed in on the stock. B. Riley upped their price objective on shares of Health Insurance Innovations from $45.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Zacks Investment Research upgraded shares of Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, July 31st. ValuEngine cut shares of Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 16th. BidaskClub downgraded shares of Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 4th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $60.00 target price on shares of Health Insurance Innovations in a research note on Monday, July 30th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Health Insurance Innovations presently has an average rating of “Buy” and a consensus target price of $55.62.

Shares of NASDAQ HIIQ opened at $34.50 on Tuesday. The company has a market capitalization of $635.47 million, a PE ratio of 28.75 and a beta of 0.93. Health Insurance Innovations Inc has a 52-week low of $20.30 and a 52-week 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 the consensus estimate of $0.59 by $0.02. The firm had revenue of $74.00 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $0.46 earnings per share. On average, research analysts forecast that Health Insurance Innovations Inc will post 1.93 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Tieton Capital Management LLC Decreases Position in Health Insurance Innovations Inc (HIIQ)” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2018/11/20/tieton-capital-management-llc-decreases-position-in-health-insurance-innovations-inc-hiiq.html.

About Health Insurance Innovations

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.

Recommended Story: Cost of Debt

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

Receive News & Ratings for Health Insurance Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Health Insurance Innovations and related companies with MarketBeat.com's FREE daily email newsletter.