Saba Capital Management LP Has Lowered International Business Machs (Put) (IBM) Position by $13.08 Million; Stock Value Declined; Health Ins Innovations (HIIQ) Market Valuation Declined While Trellus Management Company Has Trimmed Its Position

August 10, 2018 - By Richard Slagle

Health Insurance Innovations, Inc. (NASDAQ:HIIQ) Logo

Saba Capital Management Lp decreased its stake in International Business Machs (Put) (IBM) by 22.18% based on its latest 2018Q1 regulatory filing with the SEC. Saba Capital Management Lp sold 85,500 shares as the company’s stock declined 9.42% with the market. The hedge fund held 300,000 shares of the computer manufacturing company at the end of 2018Q1, valued at $46.03 million, down from 385,500 at the end of the previous reported quarter. Saba Capital Management Lp who had been investing in International Business Machs (Put) for a number of months, seems to be less bullish one the $132.14B market cap company. The stock decreased 0.38% or $0.55 during the last trading session, reaching $144.77. About 3.09 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since August 10, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical IBM News: 04/05/2018 – Warren Buffett says Berkshire Hathaway has sold completely out of IBM; 17/04/2018 – FORTINET INC – COLLABORATED WITH IBM ON NEW IBM X-FORCE THREAT MANAGEMENT SERVICES; 19/03/2018 – REG-WlSeKey and IBM To Showcase Their integrated Solution to Secure IoT at THINK2018 Conference; 15/03/2018 – Code42’s Data Security Solution Featured at IBM Think 2018; 04/04/2018 – Anaqua’s 2018 User Conference to Feature Speakers from adidas, IBM, BASF; 14/05/2018 – Zerto Wins Big at The Channel Company’s Annual Midsize Enterprise Summit; 14/03/2018 – IBM Study: Responding to Cybersecurity lncidents Still a Major Challenge for Businesses; 08/03/2018 – IBM Gave Presentation at Investor Briefing; 21/05/2018 – Syncsort Advances Security Strategy with Acquisition of Townsend Security’s IBM i Data Privacy Products; 31/05/2018 – IBM Bluemix Services Market to Touch US$ 38,847 Million by 2026; Increasing Adoption of IBM Bluemix Services Across a Wide Rang

Trellus Management Company Llc decreased its stake in Health Ins Innovations Inc (HIIQ) by 48.76% based on its latest 2018Q1 regulatory filing with the SEC. Trellus Management Company Llc sold 19,019 shares as the company’s stock declined 1.29% with the market. The hedge fund held 19,983 shares of the finance company at the end of 2018Q1, valued at $578,000, down from 39,002 at the end of the previous reported quarter. Trellus Management Company Llc who had been investing in Health Ins Innovations Inc for a number of months, seems to be less bullish one the $737.72 million market cap company. The stock increased 3.89% or $1.7 during the last trading session, reaching $45.4. About 398,376 shares traded or 21.48% up from the average. Health Insurance Innovations, Inc. (NASDAQ:HIIQ) has risen 44.10% since August 10, 2017 and is uptrending. It has outperformed by 31.53% the S&P500. Some Historical HIIQ News: 09/05/2018 – AgileHealthlnsurance Report: Price Advantage of Short-Term Health Insurance Over Obamacare Widens in 2018; 02/05/2018 – HEALTH INSURANCE INNOVATIONS: NO FINDINGS COMMUNICATED YET; 14/05/2018 – P2 CAPITAL PARTNERS – HAVE HAD/MAY HAVE DISCUSSIONS WITH MANAGEMENT, BOARD MEMBERS, OTHER SHAREHOLDERS OF HEALTH INSURANCE; 02/05/2018 – Health Insur Innovations Backs 2018 Adj EPS $2.45-Adj EPS $2.55; 02/05/2018 – Health Insur Innovations 1Q Adj EPS 52c; 02/05/2018 – Health Insur Innovations 1Q Rev $67.8M; 14/03/2018 – Public Awareness Of Short-Term Health Increases Dramatically; 02/05/2018 – Health Insur Innovations 1Q Net $4.15; 24/04/2018 – Scott+Scott Attorneys at Law LLP is Investigating Derivative Claims on Behalf of Shareholders of Health Insurance Innovations, Inc; 23/05/2018 – Health Insurance Innovations Presenting at Conference Tomorrow

Investors sentiment increased to 1.11 in Q1 2018. Its up 0.08, from 1.03 in 2017Q4. It increased, as 60 investors sold IBM shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported. Moreover, Osborne Capital Limited Liability Company has 0.67% invested in International Business Machines Corporation (NYSE:IBM) for 31,777 shares. Northeast Investment Management reported 0.06% of its portfolio in International Business Machines Corporation (NYSE:IBM). Covenant Multifamily Offices Ltd Liability Corporation has invested 2.07% in International Business Machines Corporation (NYSE:IBM). Earnest Prtnrs Llc, Georgia-based fund reported 61,837 shares. Howard Capital Mgmt holds 0.21% or 9,452 shares. Hillsdale Investment, Ontario – Canada-based fund reported 2,500 shares. Montgomery Invest Management, Maryland-based fund reported 77,828 shares. Lowe Brockenbrough And holds 40,661 shares or 0.92% of its portfolio. Nuveen Asset Mgmt Limited Co stated it has 0.22% of its portfolio in International Business Machines Corporation (NYSE:IBM). Zacks Inv holds 0.46% in International Business Machines Corporation (NYSE:IBM) or 134,088 shares. Guyasuta Investment Advisors holds 109,315 shares. Mariner Ltd Liability has 0.28% invested in International Business Machines Corporation (NYSE:IBM) for 50,793 shares. Invest Counselors Of Maryland Limited Liability Corporation reported 0.08% of its portfolio in International Business Machines Corporation (NYSE:IBM). Eagle Ridge Invest Management invested in 0.04% or 1,596 shares. Marble Harbor Inv Counsel Limited accumulated 9,483 shares.

Since February 23, 2018, it had 0 insider buys, and 3 sales for $4.46 million activity. Another trade for 5,000 shares valued at $780,000 was sold by Gherson Diane J.

Saba Capital Management Lp, which manages about $7.93 billion and $1.80B US Long portfolio, upped its stake in Xerox Corp (Put) by 137,000 shares to 146,200 shares, valued at $4.21M in 2018Q1, according to the filing. It also increased its holding in Alphabet Inc (Put) by 600 shares in the quarter, for a total of 65,600 shares, and has risen its stake in Western Asset Glb Hi Income (EHI).

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on October, 16. They expect $3.43 earnings per share, up 3.94% or $0.13 from last year’s $3.3 per share. IBM’s profit will be $3.13B for 10.55 P/E if the $3.43 EPS becomes a reality. After $3.08 actual earnings per share reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 11.36% EPS growth.

Among 34 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 4 Sell and 16 Hold. Therefore 41% are positive. International Business Machines had 134 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Wednesday, April 19 with “Sector Perform”. The rating was maintained by Wells Fargo on Wednesday, April 26 with “Market Perform”. Morgan Stanley maintained International Business Machines Corporation (NYSE:IBM) on Wednesday, July 19 with “Buy” rating. The firm has “Hold” rating given on Tuesday, October 20 by Deutsche Bank. On Friday, October 9 the stock rating was initiated by Drexel Hamilton with “Buy”. The stock has “Neutral” rating by UBS on Wednesday, October 18. RBC Capital Markets maintained the stock with “Buy” rating in Friday, January 19 report. Cantor Fitzgerald initiated the shares of IBM in report on Friday, October 16 with “Hold” rating. The stock of International Business Machines Corporation (NYSE:IBM) earned “Hold” rating by BMO Capital Markets on Friday, January 19. The stock of International Business Machines Corporation (NYSE:IBM) has “Buy” rating given on Wednesday, August 23 by Morgan Stanley.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Hellenicshippingnews.com which released: “Maersk and IBM Introduce TradeLens Blockchain Shipping Solution” on August 09, 2018, also Benzinga.com with their article: “Earnings Preview: Legacy Tech Giant IBM To Report After Wednesday’s Close” published on July 17, 2018, Seekingalpha.com published: “Big Blue – Are We Staying Blue?” on July 22, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM About To Pummel The Bears” published on July 31, 2018 as well as Seekingalpha.com‘s news article titled: “IBM +1% on Q2 revenue beat” with publication date: July 18, 2018.

Investors sentiment increased to 1.32 in Q1 2018. Its up 0.37, from 0.95 in 2017Q4. It improved, as 10 investors sold HIIQ shares while 34 reduced holdings. 32 funds opened positions while 26 raised stakes. 11.01 million shares or 4.00% more from 10.59 million shares in 2017Q4 were reported. Intll Inc reported 0% in Health Insurance Innovations, Inc. (NASDAQ:HIIQ). P2 Capital Prns Ltd Company invested 1.79% of its portfolio in Health Insurance Innovations, Inc. (NASDAQ:HIIQ). Metropolitan Life Insurance New York invested in 0% or 4,203 shares. Engineers Gate Manager Ltd Partnership holds 0.09% of its portfolio in Health Insurance Innovations, Inc. (NASDAQ:HIIQ) for 47,647 shares. Suntrust Banks Inc has invested 0.01% in Health Insurance Innovations, Inc. (NASDAQ:HIIQ). Macquarie Grp Limited invested in 0% or 16,600 shares. Mackenzie Fin Corp invested in 0.01% or 73,838 shares. Schwab Charles Investment Mgmt Incorporated reported 59,681 shares or 0% of all its holdings. Catalyst Advisors Ltd Com invested in 20,000 shares. Federated Invsts Incorporated Pa reported 0% of its portfolio in Health Insurance Innovations, Inc. (NASDAQ:HIIQ). Ameriprise reported 0% in Health Insurance Innovations, Inc. (NASDAQ:HIIQ). Hancock Holding Com owns 10,553 shares. Alphamark Advsr Ltd holds 0.16% or 13,300 shares. Numerixs Invest Technologies Incorporated holds 4,200 shares or 0.03% of its portfolio. Bluemountain Capital Management Ltd Llc accumulated 13,631 shares or 0.01% of the stock.

Analysts await Health Insurance Innovations, Inc. (NASDAQ:HIIQ) to report earnings on November, 7. They expect $0.57 earnings per share, up 90.00% or $0.27 from last year’s $0.3 per share. HIIQ’s profit will be $9.26 million for 19.91 P/E if the $0.57 EPS becomes a reality. After $0.59 actual earnings per share reported by Health Insurance Innovations, Inc. for the previous quarter, Wall Street now forecasts -3.39% negative EPS growth.

Among 8 analysts covering Health Insurance Innovations Inc (NASDAQ:HIIQ), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Health Insurance Innovations Inc had 43 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was maintained by Cantor Fitzgerald on Wednesday, November 1 with “Buy”. The rating was maintained by Cantor Fitzgerald with “Buy” on Wednesday, May 2. The firm earned “Buy” rating on Thursday, May 3 by Canaccord Genuity. The stock of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) earned “Buy” rating by Northland Capital on Friday, June 30. Cantor Fitzgerald maintained the stock with “Buy” rating in Thursday, April 12 report. Lake Street maintained the stock with “Buy” rating in Friday, December 30 report. Canaccord Genuity maintained the stock with “Buy” rating in Monday, March 12 report. Cantor Fitzgerald maintained it with “Buy” rating and $38.0 target in Friday, September 1 report. Canaccord Genuity maintained Health Insurance Innovations, Inc. (NASDAQ:HIIQ) rating on Friday, March 2. Canaccord Genuity has “Buy” rating and $55 target. The stock has “Buy” rating by Cantor Fitzgerald on Monday, October 16.

Trellus Management Company Llc, which manages about $123.52 million and $54.95M US Long portfolio, upped its stake in Paratek Pharmaceuticals Inc (NASDAQ:PRTK) by 49,700 shares to 89,700 shares, valued at $1.17 million in 2018Q1, according to the filing.

Since February 15, 2018, it had 2 insider buys, and 4 insider sales for $43.12 million activity. Another trade for 30,000 shares valued at $914,750 was made by Wang Sheldon on Thursday, February 15. BARKETT ANTHONY bought 3,597 shares worth $99,439. FICHTHORN JOHN had bought 5,000 shares worth $133,223 on Friday, May 4. Telkamp Bruce also sold $360,799 worth of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) on Thursday, March 29.

Health Insurance Innovations, Inc. (NASDAQ:HIIQ) Institutional Positions Chart

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