Health Insurance Innovations, Inc. (HIIQ) Reaches $30.00 After 6.00% Down Move; South Jersey Industries (SJI) Shorts Raised By 12.24%

February 18, 2018 - By Dolores Ford

The stock of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) is a huge mover today! The stock decreased 3.38% or $1.05 during the last trading session, reaching $30. About 645,710 shares traded or 54.14% up from the average. Health Insurance Innovations, Inc. (NASDAQ:HIIQ) has risen 227.83% since February 18, 2017 and is uptrending. It has outperformed by 211.13% the S&P500.The move comes after 6 months negative chart setup for the $496.28M company. It was reported on Feb, 18 by Barchart.com. We have $28.20 PT which if reached, will make NASDAQ:HIIQ worth $29.78M less.

South Jersey Industries Incorporated (NYSE:SJI) had an increase of 12.24% in short interest. SJI’s SI was 2.16M shares in February as released by FINRA. Its up 12.24% from 1.92 million shares previously. With 255,500 avg volume, 8 days are for South Jersey Industries Incorporated (NYSE:SJI)’s short sellers to cover SJI’s short positions. The SI to South Jersey Industries Incorporated’s float is 2.74%. The stock increased 2.18% or $0.58 during the last trading session, reaching $27.14. About 702,254 shares traded or 66.28% up from the average. South Jersey Industries, Inc. (NYSE:SJI) has risen 23.64% since February 18, 2017 and is uptrending. It has outperformed by 6.94% the S&P500.

South Jersey Industries, Inc., through its subsidiaries, provides energy-related services and products. The company has market cap of $2.15 billion. The firm engages in the purchase, transmission, and sale of natural gas. It has a 56.19 P/E ratio. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial clients on the interstate pipeline system, as well as transports natural gas, which is purchased directly from producers or suppliers to their customers.

Investors sentiment decreased to 1.24 in 2017 Q3. Its down 0.10, from 1.34 in 2017Q2. It dropped, as 14 investors sold South Jersey Industries, Inc. shares while 52 reduced holdings. 16 funds opened positions while 66 raised stakes. 54.81 million shares or 0.93% more from 54.30 million shares in 2017Q2 were reported. 10,762 are held by Amalgamated Savings Bank. Renaissance Technology Ltd Company stated it has 0.02% of its portfolio in South Jersey Industries, Inc. (NYSE:SJI). 41,903 are owned by State Board Of Administration Of Florida Retirement System. Moreover, Symons Cap has 0.24% invested in South Jersey Industries, Inc. (NYSE:SJI). 581,437 were reported by New York State Common Retirement Fund. Ingalls & Snyder Limited Liability Company owns 11,240 shares. Goldman Sachs Gp has 2.45 million shares for 0.02% of their portfolio. Us National Bank & Trust De, Minnesota-based fund reported 2,156 shares. Vaughan David Investments Il has 0.02% invested in South Jersey Industries, Inc. (NYSE:SJI) for 3,495 shares. Peoples Financial Services invested 0.04% of its portfolio in South Jersey Industries, Inc. (NYSE:SJI). Pinebridge L P stated it has 9,863 shares. Schwab Charles Inv Mgmt reported 458,497 shares or 0.01% of all its holdings. 14,000 were reported by Cordasco Finance Networks. Ironwood Inv Counsel Limited Liability holds 0.09% in South Jersey Industries, Inc. (NYSE:SJI) or 6,358 shares. Swiss Natl Bank has invested 0.01% in South Jersey Industries, Inc. (NYSE:SJI).

Among 7 analysts covering South Jersey Industries (NYSE:SJI), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. South Jersey Industries had 27 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was initiated by JP Morgan with “Neutral” on Tuesday, June 14. The firm has “Buy” rating given on Monday, July 17 by Williams Capital Group. The stock of South Jersey Industries, Inc. (NYSE:SJI) has “Hold” rating given on Monday, September 18 by Williams Capital Group. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, February 13. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, August 10 report. As per Monday, January 22, the company rating was downgraded by Hilliard Lyons. The firm earned “Underperform” rating on Friday, November 6 by Hilliard Lyons. Morgan Stanley maintained the shares of SJI in report on Friday, September 8 with “Equal-Weight” rating. JP Morgan maintained South Jersey Industries, Inc. (NYSE:SJI) on Thursday, January 25 with “Neutral” rating. The rating was upgraded by Hilliard Lyons on Wednesday, March 15 to “Long-Term Buy”.

Investors sentiment increased to 1.73 in 2017 Q3. Its up 0.10, from 1.63 in 2017Q2. It increased, as 25 investors sold Health Insurance Innovations, Inc. shares while 19 reduced holdings. 45 funds opened positions while 31 raised stakes. 10.06 million shares or 8.67% more from 9.25 million shares in 2017Q2 were reported. Pacad Investment Limited has 69,964 shares for 0.22% of their portfolio. Quinn Opportunity Ptnrs Limited reported 0.05% stake. Ledyard Savings Bank holds 0% of its portfolio in Health Insurance Innovations, Inc. (NASDAQ:HIIQ) for 2,000 shares. Hudson Bay Capital Ltd Partnership stated it has 21,385 shares. Suntrust Banks Incorporated invested in 0% or 26,971 shares. Cubist Systematic Strategies Lc has 25,400 shares for 0.02% of their portfolio. Usa Fincl Portformulas accumulated 15,569 shares. 15,632 were accumulated by Deutsche Savings Bank Ag. Panagora Asset Mgmt invested 0% in Health Insurance Innovations, Inc. (NASDAQ:HIIQ). Aqr Cap Ltd accumulated 51,444 shares. 290,851 are held by Geode Capital Ltd Liability Corporation. Moreover, Ameritas Inv Ptnrs has 0% invested in Health Insurance Innovations, Inc. (NASDAQ:HIIQ). Cypress Cap Llc (Wy) holds 0.02% or 1,250 shares. Susquehanna Intl Limited Liability Partnership owns 0% invested in Health Insurance Innovations, Inc. (NASDAQ:HIIQ) for 146,229 shares. Dimensional Fund Advsrs Lp accumulated 116,098 shares.

Since August 31, 2017, it had 0 buys, and 8 selling transactions for $2.86 million activity. The insider Wang Sheldon sold 13,768 shares worth $347,334. $360,799 worth of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) shares were sold by Telkamp Bruce. $558,384 worth of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) was sold by Hershberger Michael D on Thursday, August 31.

Health Insurance Innovations, Inc. operates as a developer, distributor, and administrator of cloud individual health and family insurance plans, and supplemental products in the United States. The company has market cap of $496.28 million. The firm offers short-term medical plans that cover individuals for up to 364 days with various deductible and copay levels; hospital indemnity plans, which provide daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits; and supplemental insurance products comprising pharmacy benefit cards, dental plans, vision plans, and cancer/critical illness plans, as well as deductible and gap protection plans, and life insurance policies. It has a 23.42 P/E ratio. It creates and structures individual health and family insurance plans, and supplemental products on behalf of insurance carriers and discount benefit providers; and market them to individuals through a network of distributors.

Analysts await Health Insurance Innovations, Inc. (NASDAQ:HIIQ) to report earnings on March, 7. They expect $0.28 EPS, down 20.00% or $0.07 from last year’s $0.35 per share. HIIQ’s profit will be $4.63 million for 26.79 P/E if the $0.28 EPS becomes a reality. After $0.30 actual EPS reported by Health Insurance Innovations, Inc. for the previous quarter, Wall Street now forecasts -6.67% negative EPS growth.

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