Smith Asset Management Group LP raised its position in shares of eHealth Inc. (NASDAQ:EHTH) by 68.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 14,730 shares of the company’s stock after buying an additional 6,000 shares during the period. Smith Asset Management Group LP’s holdings in eHealth were worth $207,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in eHealth by 49.7% in the first quarter. Renaissance Technologies LLC now owns 410,800 shares of the company’s stock worth $3,857,000 after buying an additional 136,300 shares in the last quarter. Kennedy Capital Management Inc. acquired a new stake in eHealth during the first quarter worth $689,000. Wellington Management Group LLP boosted its stake in eHealth by 2.5% in the first quarter. Wellington Management Group LLP now owns 2,236,218 shares of the company’s stock worth $20,998,000 after buying an additional 53,929 shares in the last quarter. Royal Bank of Canada boosted its stake in eHealth by 1,241.9% in the first quarter. Royal Bank of Canada now owns 31,200 shares of the company’s stock worth $293,000 after buying an additional 28,875 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in eHealth during the second quarter worth $366,000. Institutional investors own 89.74% of the company’s stock.
eHealth Inc. (NASDAQ:EHTH) traded up 0.91% during mid-day trading on Wednesday, hitting $11.08. The stock had a trading volume of 145,175 shares. eHealth Inc. has a one year low of $8.14 and a one year high of $15.14. The stock has a market cap of $203.05 million, a P/E ratio of 22.03 and a beta of 1.00. The company has a 50 day moving average price of $11.29 and a 200 day moving average price of $11.73.
eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The business earned $37.28 million during the quarter, compared to the consensus estimate of $37.93 million. eHealth had a return on equity of 11.85% and a net margin of 4.58%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS. On average, equities analysts anticipate that eHealth Inc. will post $0.65 EPS for the current year.
EHTH has been the topic of a number of analyst reports. Jefferies Group cut their price target on eHealth from $13.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, July 29th. Craig Hallum cut eHealth from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Zacks Investment Research cut eHealth from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Finally, FBR & Co restated a “buy” rating on shares of eHealth in a research note on Tuesday, August 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.00.
In other eHealth news, EVP Robert S. Hurley purchased 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average cost of $9.12 per share, with a total value of $59,280.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Scott N. Flanders purchased 117,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were acquired at an average cost of $9.15 per share, with a total value of $1,070,550.00. The disclosure for this purchase can be found here. Insiders own 6.22% of the company’s stock.
eHealth Company Profile
eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.
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