WINTON GROUP Ltd bought a new stake in shares of eHealth, Inc. (NASDAQ:EHTH – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 25,444 shares of the financial services provider’s stock, valued at approximately $239,000. WINTON GROUP Ltd owned 0.09% of eHealth at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of EHTH. Raymond James Financial Inc. bought a new position in eHealth in the fourth quarter valued at approximately $1,193,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of eHealth by 163.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 177,012 shares of the financial services provider’s stock worth $1,664,000 after purchasing an additional 109,814 shares during the last quarter. RBF Capital LLC grew its stake in shares of eHealth by 29.0% during the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock worth $1,808,000 after purchasing an additional 99,618 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in eHealth by 86.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 98,793 shares during the last quarter. Finally, Truffle Hound Capital LLC bought a new position in eHealth during the fourth quarter worth about $658,000. Institutional investors own 79.54% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on EHTH shares. StockNews.com upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. UBS Group started coverage on shares of eHealth in a report on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 price target for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, eHealth has a consensus rating of “Hold” and a consensus target price of $6.38.
eHealth Stock Down 5.2 %
Shares of EHTH stock opened at $6.58 on Monday. The company has a market capitalization of $197.02 million, a price-to-earnings ratio of -2.31 and a beta of 0.44. eHealth, Inc. has a 12-month low of $3.58 and a 12-month high of $11.36. The firm has a fifty day moving average of $9.06 and a 200-day moving average of $7.04. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14.
eHealth (NASDAQ:EHTH – Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.20. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. The company had revenue of $315.18 million for the quarter, compared to analyst estimates of $293.47 million. As a group, equities research analysts predict that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.
eHealth Company Profile
eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Employer and Individual. The Medicare segment offers sale of Medicare-related health insurance plans, which includes Medicare advantage, Medicare Supplement, and Medicare Part D prescription drug plans to Medicare-eligible customers including but not limited to, dental, and vision insurance, as well as advertising program for marketing and other services.
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