Two Sigma Investments LP raised its stake in eHealth, Inc. (NASDAQ:EHTH) by 290.7% during the fourth quarter, Holdings Channel reports. The fund owned 80,674 shares of the company’s stock after buying an additional 60,023 shares during the period. Two Sigma Investments LP’s holdings in eHealth were worth $859,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Comerica Bank raised its stake in eHealth by 5.9% in the fourth quarter. Comerica Bank now owns 17,737 shares of the company’s stock valued at $221,000 after buying an additional 989 shares during the last quarter. Palisade Capital Management LLC NJ acquired a new stake in eHealth during the third quarter valued at about $794,000. J. Goldman & Co LP acquired a new stake in eHealth during the fourth quarter valued at about $959,000. California Public Employees Retirement System raised its stake in eHealth by 5.6% in the third quarter. California Public Employees Retirement System now owns 104,100 shares of the company’s stock valued at $1,167,000 after buying an additional 5,500 shares during the last quarter. Finally, Granite Investment Partners LLC raised its stake in eHealth by 6.6% in the third quarter. Granite Investment Partners LLC now owns 107,043 shares of the company’s stock valued at $1,200,000 after buying an additional 6,628 shares during the last quarter. 88.47% of the stock is owned by institutional investors.
Shares of eHealth, Inc. (NASDAQ:EHTH) opened at 11.33 on Tuesday. The company’s 50-day moving average is $11.30 and its 200-day moving average is $10.90. The firm’s market capitalization is $207.98 million. eHealth, Inc. has a 12-month low of $6.38 and a 12-month high of $15.14.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Friday, February 24th. The company reported ($0.79) EPS for the quarter, topping the consensus estimate of ($0.84) by $0.05. The business earned $43.80 million during the quarter, compared to analysts’ expectations of $42.18 million. eHealth had a negative net margin of 0.13% and a positive return on equity of 1.16%. The firm’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same period last year, the company posted ($0.56) earnings per share. On average, equities analysts forecast that eHealth, Inc. will post ($1.52) earnings per share for the current fiscal year.
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EHTH has been the subject of several recent research reports. Cantor Fitzgerald reissued a “buy” rating and issued a $15.00 price objective on shares of eHealth in a research report on Thursday, March 23rd. Craig Hallum raised shares of eHealth from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, January 11th. Jefferies Group LLC raised their price target on shares of eHealth from $9.50 to $11.50 and gave the company a “hold” rating in a report on Friday, February 24th. Finally, Zacks Investment Research lowered shares of eHealth from a “hold” rating to a “strong sell” rating in a report on Friday, February 24th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $14.90.
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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