Raymond James Financial Inc. bought a new position in shares of eHealth, Inc. (NASDAQ:EHTH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 126,877 shares of the financial services provider's stock, valued at approximately $1,193,000. Raymond James Financial Inc. owned 0.43% of eHealth as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EHTH. Jacobs Levy Equity Management Inc. boosted its holdings in eHealth by 86.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider's stock worth $867,000 after buying an additional 98,793 shares during the period. RBF Capital LLC lifted its position 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 acquiring an additional 99,618 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of eHealth by 40.7% in the third quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider's stock worth $51,000 after acquiring an additional 3,600 shares during the period. Barclays PLC boosted its holdings in shares of eHealth by 104.3% in the third quarter. Barclays PLC now owns 47,445 shares of the financial services provider's stock worth $194,000 after acquiring an additional 24,224 shares during the period. Finally, SkyView Investment Advisors LLC grew its position in shares of eHealth by 28.7% in the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 6,694 shares in the last quarter. Institutional investors own 79.54% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded eHealth from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $6.38.
Get Our Latest Stock Analysis on EHTH
eHealth Price Performance
Shares of EHTH traded down $0.08 during mid-day trading on Monday, reaching $5.80. 191,239 shares of the stock traded hands, compared to its average volume of 258,149. The company has a market cap of $173.67 million, a price-to-earnings ratio of -2.04 and a beta of 0.81. eHealth, Inc. has a 1 year low of $3.58 and a 1 year high of $11.36. The firm has a fifty day moving average price of $8.60 and a 200 day moving average price of $7.14. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14.
eHealth (NASDAQ:EHTH - Get Free Report) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, topping the consensus estimate 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 business had revenue of $315.18 million during the quarter, compared to analysts' expectations of $293.47 million. As a group, equities research analysts predict that eHealth, Inc. will post -2.17 earnings per share for the current year.
eHealth Company Profile
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Free Report)
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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