Quinn Opportunity Partners LLC Raises Position in eHealth, Inc. (NASDAQ:EHTH)

Quinn Opportunity Partners LLC increased its position in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 154.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,000 shares of the financial services provider's stock after acquiring an additional 48,000 shares during the period. Quinn Opportunity Partners LLC owned about 0.27% of eHealth worth $743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd bought a new position in shares of eHealth in the fourth quarter worth about $29,000. Prudential Financial Inc. bought a new stake in eHealth during the 4th quarter valued at approximately $111,000. Public Employees Retirement System of Ohio boosted its stake in eHealth by 40.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider's stock worth $51,000 after purchasing an additional 3,600 shares during the period. WINTON GROUP Ltd purchased a new stake in eHealth during the 4th quarter valued at approximately $239,000. Finally, Headlands Technologies LLC bought a new stake in shares of eHealth during the fourth quarter valued at approximately $243,000. Institutional investors own 79.54% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of 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 issued a buy rating to the company's stock. According to MarketBeat, eHealth presently has a consensus rating of "Hold" and a consensus target price of $6.38.

eHealth Stock Performance

Shares of NASDAQ EHTH remained flat at $5.96 during mid-day trading on Thursday. 48,350 shares of the stock were exchanged, compared to its average volume of 271,266. The firm has a market cap of $178.46 million, a PE ratio of -2.09 and a beta of 0.81. eHealth, Inc. has a 12-month low of $3.58 and a 12-month high of $11.36. The stock's 50 day moving average price is $7.92 and its 200-day moving average price is $7.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.10 and a current ratio of 3.10.

eHealth (NASDAQ:EHTH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share (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 company had revenue of $315.18 million for the quarter, compared to analysts' expectations of $293.47 million. As a group, equities research analysts forecast that eHealth, Inc. will post -2.17 earnings per share for the current year.

eHealth 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.