eHealth, Inc. (NASDAQ:EHTH) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lessened its stake in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 66.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,198 shares of the financial services provider's stock after selling 61,414 shares during the quarter. Trexquant Investment LP owned 0.11% of eHealth worth $293,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its holdings in eHealth by 4.0% in the 4th quarter. American Century Companies Inc. now owns 46,422 shares of the financial services provider's stock worth $436,000 after purchasing an additional 1,772 shares during the period. R Squared Ltd acquired a new stake in shares of eHealth in the fourth quarter worth approximately $29,000. Public Employees Retirement System of Ohio increased its position in shares of eHealth by 40.7% during 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 purchasing an additional 3,600 shares in the last quarter. Sei Investments Co. raised its stake in eHealth by 5.3% in the 4th quarter. Sei Investments Co. now owns 110,728 shares of the financial services provider's stock valued at $1,041,000 after purchasing an additional 5,622 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its holdings in eHealth by 28.7% in the 3rd 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. Hedge funds and other institutional investors own 79.54% of the company's stock.

eHealth Trading Up 0.2 %

Shares of EHTH traded up $0.01 during mid-day trading on Thursday, reaching $5.97. The stock had a trading volume of 75,682 shares, compared to its average volume of 254,767. eHealth, Inc. has a 52-week low of $3.58 and a 52-week high of $11.36. The firm has a market cap of $178.76 million, a price-to-earnings ratio of -2.09 and a beta of 0.81. The business's fifty day moving average is $7.92 and its 200 day moving average is $7.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10.

eHealth (NASDAQ:EHTH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.00 by $0.20. The business had revenue of $315.18 million during the quarter, compared to the consensus estimate of $293.47 million. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. On average, sell-side analysts predict that eHealth, Inc. will post -2.17 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of eHealth from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $6.38.

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.