The New Bank Of America Corp Holding in Health Insurance Innovations, Inc
Bank Of America Corp filed with the SEC SC 13G form for Health Insurance Innovations, Inc. The form can be accessed here: 000114036116053484. As reported in Bank Of America Corp ’s form, the filler as of late owns 6.95% or 539,586 shares of the Finance-company.
Health Insurance Innovations, Inc stake is a new one for the for this institutional investor and it was filed because of activity on December31,2015. We feel this shows Bank Of America Corp ’s positive view for the stock.
Health Insurance Innovations, Inc Institutional Sentiment
Latest Security and Exchange filings show 24 investors own Health Insurance Innovations, Inc. The institutional ownership in Q3 2015 is low, at 110.27% of the outstanding shares. This is increased by 3976183 the total institutional shares. 8556859 were the shares owned by these institutional investors. In total 2 funds opened new Health Insurance Innovations, Inc stakes, 6 increased stakes. There were 3 that closed positions and 9 reduced them.
Alpine Woods Capital Investors Llc is an institutional investor bullish on Health Insurance Innovations, Inc, owning 98775 shares as of Q3 2015 for 0.03% of its portfolio. Cortina Asset Management Llc owns 779144 shares or 0.18% of its portfolio. CA Huber Capital Management Llc have 0.14% of their stock portfolio for 827263 shares. Further, Cna Financial Corp reported stake worth 0.02% of its US stock portfolio. The WY Cannell Capital Llc owns 899435 shares. Health Insurance Innovations, Inc is 1.69% of the manager’s US portfolio.
Health Insurance Innovations, Inc. is a developer, distributor and administrator of cloud-based individual health insurance plans and ancillary products. The Company operates through two business segments: Insurance Plan Development and Distribution (IPD) and HP. IPD segment is engaged in designing, implementing and administering short-term medical (STM) and other products and the distribution of STM and other products to consumer through its call center distribution network and online purchasing. HP segment includes the business activities of HealthPocket (HP), a subsidiary of the Company, including the development of HealthPocket.com and generation of referral-based and other revenues. The Company offers products, such as STM plans, hospital indemnity plans and ancillary products.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
The institutional sentiment decreased to 0.67 in 2015 Q3. Its down 0.78, from 1.45 in 2015Q2. The ratio worsened, as 3 funds sold all Health Insurance Innovations Inc shares owned while 9 reduced positions. 2 funds bought stakes while 6 increased positions. They now own 8.56 million shares or 86.80% more from 4.58 million shares in 2015Q2.
Cannell Capital Llc holds 1.69% of its portfolio in Health Insurance Innovations Inc for 899,435 shares. Cortina Asset Management Llc owns 779,144 shares or 0.18% of their US portfolio. Moreover, Huber Capital Management Llc has 0.14% invested in the company for 827,263 shares. The New York-based Alpine Woods Capital Investors Llc has invested 0.03% in the stock. Visium Asset Management Lp, a New York-based fund reported 495,000 shares.
Analysts await Health Insurance Innovations Inc (NASDAQ:HIIQ) to reports earnings on March, 16. They expect $0.06 EPS, down 50.00% or $0.06 from last year’s $0.12 per share. HIIQ’s profit will be $879,162 for 23.88 P/E if the $0.06 EPS becomes reality. After $0.08 actual EPS reported by Health Insurance Innovations Inc for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.
About 3,128 shares traded hands. Health Insurance Innovations Inc (NASDAQ:HIIQ) has risen 12.97% since July 15, 2015 and is uptrending. It has outperformed by 21.96% the S&P500.
According to Zacks Investment Research, “Health Insurance Innovations, Inc. operates as a developer and administrator of web-based individual health insurance plans and ancillary products. Its product portfolio consists of short-term medical plans, accident, sickness & hospital medical plans, ancillary insurance, life insurance, lifestyle and discount services. Health Insurance Innovations, Inc. is based in Tampa, Florida.”
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