Texas Permanent School Fund Reduces Position in eHealth, Inc. (EHTH)

Texas Permanent School Fund cut its stake in shares of eHealth, Inc. (NASDAQ:EHTH) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,085 shares of the financial services provider’s stock after selling 89 shares during the period. Texas Permanent School Fund’s holdings in eHealth were worth $146,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of eHealth by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 789,500 shares of the financial services provider’s stock valued at $8,408,000 after buying an additional 35,800 shares during the period. Dimensional Fund Advisors LP raised its position in shares of eHealth by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 588,665 shares of the financial services provider’s stock valued at $6,269,000 after buying an additional 19,629 shares during the period. State Street Corp raised its position in shares of eHealth by 6.3% in the fourth quarter. State Street Corp now owns 350,109 shares of the financial services provider’s stock valued at $3,725,000 after buying an additional 20,695 shares during the period. Bank of New York Mellon Corp raised its position in shares of eHealth by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 159,009 shares of the financial services provider’s stock valued at $1,915,000 after buying an additional 3,931 shares during the period. Finally, Two Sigma Investments LP raised its position in shares of eHealth by 290.7% in the fourth quarter. Two Sigma Investments LP now owns 80,674 shares of the financial services provider’s stock valued at $859,000 after buying an additional 60,023 shares during the period. 93.65% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

eHealth, Inc. (NASDAQ EHTH) opened at 18.25 on Friday. The firm has a market capitalization of $336.37 million, a price-to-earnings ratio of 32.07 and a beta of 1.56. The stock’s 50 day moving average price is $17.89 and its 200-day moving average price is $13.05. eHealth, Inc. has a 12 month low of $6.38 and a 12 month high of $19.28.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $1.55. The business had revenue of $78.94 million during the quarter, compared to analysts’ expectations of $69.97 million. eHealth had a return on equity of 11.84% and a net margin of 5.47%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. Equities analysts anticipate that eHealth, Inc. will post ($1.01) EPS for the current fiscal year.

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EHTH has been the topic of several recent analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $20.00 price target on shares of eHealth in a research note on Thursday, May 11th. TheStreet raised eHealth from a “d+” rating to a “c” rating in a research report on Thursday, April 27th. Zacks Investment Research raised eHealth from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, May 9th. Finally, Jefferies Group LLC upped their target price on eHealth from $9.50 to $11.50 and gave the stock a “hold” rating in a research report on Friday, February 24th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. eHealth presently has a consensus rating of “Buy” and an average target price of $18.40.

In other eHealth news, insider James E. Flynn sold 426,954 shares of eHealth stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $11.66, for a total transaction of $4,978,283.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James E. Flynn sold 150,000 shares of eHealth stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $11.00, for a total value of $1,650,000.00. The disclosure for this sale can be found here. Insiders have sold 809,055 shares of company stock valued at $9,269,593 in the last quarter. 6.22% of the stock is owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:EHTH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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