Napier Park Global Capital (us) Lp Lowers stake in Healthequity Inc (HQY)

Healthequity Inc (HQY) : Napier Park Global Capital (us) Lp reduced its stake in Healthequity Inc by 59.65% during the most recent quarter end. The investment management company now holds a total of 676,468 shares of Healthequity Inc which is valued at $19,617,572 after selling 1,000,000 shares in Healthequity Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Healthequity Inc makes up approximately 70.82% of Napier Park Global Capital (us) Lp’s portfolio.

Other Hedge Funds, Including , Comerica Bank reduced its stake in HQY by selling 383 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 35,264 shares of HQY which is valued at $1,022,656. Healthequity Inc makes up approx 0.01% of Comerica Bank’s portfolio.Allegis Investment Advisors reduced its stake in HQY by selling 28,489 shares or 38.77% in the most recent quarter. The Hedge Fund company now holds 45,000 shares of HQY which is valued at $1,290,150. Healthequity Inc makes up approx 0.62% of Allegis Investment Advisors’s portfolio. Royce Associates Lp added HQY to its portfolio by purchasing 172,000 company shares during the most recent quarter which is valued at $4,931,240. Healthequity Inc makes up approx 0.03% of Royce Associates Lp’s portfolio.Agf Investments boosted its stake in HQY in the latest quarter, The investment management firm added 20,000 additional shares and now holds a total of 128,928 shares of Healthequity Inc which is valued at $3,697,655. Healthequity Inc makes up approx 0.04% of Agf Investments’s portfolio.

Healthequity Inc opened for trading at $28.63 and hit $30.41 on the upside on Tuesday, eventually ending the session at $30.32, with a gain of 6.24% or 1.78 points. The heightened volatility saw the trading volume jump to 4,36,638 shares. Company has a market cap of $1,761 M.

On the company’s financial health, Healthequity Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $0.13. The company had revenue of $44.01 million for the quarter, compared to analysts expectations of $41.92 million. The company’s revenue was up 47.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

HealthEquity Inc. is a provider of a range of solutions for managing health care 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. The Company’s platform provides an ecosystem where consumers can access their tax-advantaged healthcare savings compare treatment options and pricing evaluate and pay healthcare bills receive personalized benefit and clinical information earn wellness incentives and make educated investment choices to grow their tax-advantaged healthcare savings. The Company’s products and services include healthcare saving and spending platform health savings accounts investment advisory services reimbursement arrangements and healthcare incentives.

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