HealthEquity, Inc. (HQY) Shares Sold by Turner Investments LLC

Turner Investments LLC cut its holdings in shares of HealthEquity, Inc. (NASDAQ:HQY) by 46.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,000 shares of the company’s stock after selling 3,500 shares during the period. Turner Investments LLC’s holdings in HealthEquity were worth $202,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Alps Advisors Inc. increased its stake in shares of HealthEquity by 0.3% during the second quarter. Alps Advisors Inc. now owns 10,729 shares of the company’s stock valued at $535,000 after buying an additional 28 shares during the period. Albion Financial Group UT increased its stake in shares of HealthEquity by 1.4% during the second quarter. Albion Financial Group UT now owns 8,694 shares of the company’s stock valued at $433,000 after buying an additional 120 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of HealthEquity by 7.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,686 shares of the company’s stock valued at $134,000 after buying an additional 191 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of HealthEquity by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the company’s stock valued at $902,000 after buying an additional 200 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of HealthEquity by 0.9% during the second quarter. Arizona State Retirement System now owns 23,097 shares of the company’s stock valued at $1,151,000 after buying an additional 200 shares during the period. 93.19% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://sportsperspectives.com/2017/11/21/healthequity-inc-hqy-shares-sold-by-turner-investments-llc.html.

In other HealthEquity news, VP Jon Soldan sold 25,000 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $40.68, for a total value of $1,017,000.00. Following the sale, the vice president now directly owns 30,652 shares of the company’s stock, valued at $1,246,923.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank Medici sold 700 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $51.05, for a total value of $35,735.00. Following the completion of the sale, the director now directly owns 6,381 shares in the company, valued at $325,750.05. The disclosure for this sale can be found here. Insiders sold 1,578,270 shares of company stock worth $82,355,799 over the last three months. Corporate insiders own 19.00% of the company’s stock.

Several brokerages recently weighed in on HQY. BidaskClub cut HealthEquity from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. TheStreet raised HealthEquity from a “c” rating to a “b” rating in a research note on Monday, July 31st. Zacks Investment Research cut HealthEquity from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $56.00 price target on shares of HealthEquity in a research note on Tuesday, August 29th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $61.00 price target on shares of HealthEquity in a research note on Wednesday, September 6th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. HealthEquity has a consensus rating of “Buy” and a consensus target price of $57.50.

Shares of HealthEquity, Inc. (NASDAQ:HQY) traded down $0.16 during mid-day trading on Tuesday, reaching $50.01. The company had a trading volume of 280,300 shares, compared to its average volume of 531,592. The stock has a market capitalization of $3,030.00, a PE ratio of 79.64, a price-to-earnings-growth ratio of 2.20 and a beta of 1.77. HealthEquity, Inc. has a 12 month low of $37.62 and a 12 month high of $55.31.

HealthEquity (NASDAQ:HQY) last released its earnings results on Tuesday, September 5th. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.13. HealthEquity had a return on equity of 13.93% and a net margin of 20.27%. The business had revenue of $56.90 million for the quarter, compared to the consensus estimate of $55.66 million. During the same period in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. equities analysts anticipate that HealthEquity, Inc. will post 0.7 EPS for the current year.

HealthEquity Company Profile

HealthEquity, Inc provides a range of solutions for managing healthcare accounts (Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans, insurance companies and third-party administrators. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions.

Institutional Ownership by Quarter for HealthEquity (NASDAQ:HQY)

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

Latest News

Leave a Reply