Notable Stocks in the Spotlight: Waste Management, Inc. (NYSE:WM), Health Insurance Innovations Inc (NASDAQ:HIIQ)

On Monday, Shares of Waste Management, Inc. (NYSE:WM), added 0.16% and closed at $67.72 in the last trading session. The last trading range of the stock ranges between $67.14 and $68.00. Waste Administration, Inc. (WM) recently declared that it has named James (Jim) C. Fish, Jr. as the Company’s President and Chief Executive Officer. He has also been elected to the Board of Directors.

Fish succeeds David P. Steiner as CEO. Steiner served as CEO since 2004 and remains on the Board of Directors.

  1. Robert Reum, Non-Executive Chairman of the Board, said: “Recently’s declarement is the culmination of a succession planning process we started 18 months ago with the support of the entire Board. Over the last 15 years at Waste Administration, Jim has consistently delivered results, and has the skills and leadership qualities that make him ideally suited for the role. He has a deep understanding of our strategy, impressive financial and operational acumen and strong support from employees, customers and shareholders. We look forward to working closely with him and the rest of the senior leadership team as the Company continues to execute on its long-term strategy.”

Reum continued: “On behalf of the Board, I would like to thank David for his many contributions to our Company’s success over 16 years and his dedicated and effective service as CEO for the past twelve years.”

Health Insurance Innovations Inc (NASDAQ:HIIQ), jumped 11.96% and closed at $10.30 in the last trading session. The last trading range of the stock ranges between $9.40 and $10.90. The company’s Market capitalization is $184.29 million with the total Outstanding Shares of 7.74 million. Health Insurance Innovations, Inc. (HII) (HIIQ), a leading developer, distributor, and virtual administrator of affordable health insurance and supplemental plans declared financial results for the third quarter ended September 30, 2016.

Third Quarter 2016 Merged Financial Highlights

Revenue was $46.1 million, a boost of 78.7% over $25.8 million in the third quarter of 2015.

Total collections from customers, which our industry refers to as premium equivalents, of $78.5 million, a boost of 81.0% over $43.4 million in the third quarter of 2015.

Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $8.1 million, contrast to $1.9 million in the third quarter of 2015.

GAAP Net Income per diluted share for the third quarter of 2016 was $0.25, contrast to $0.10 in the third quarter of 2015.

Adjusted EPS, also referred to as Adjusted Net Income per Share, was $0.33 in the third quarter of 2016 contrast to $0.08 in the third quarter of 2015.

Policies in force as of September 30, 2016, totaled about 252,100, an 84% increase from 136,800 as of September 30, 2015.

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