eHealth, Inc. (NASDAQ:EHTH) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC reduced its stake in shares of eHealth, Inc. (NASDAQ:EHTH) by 37.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,550 shares of the financial services provider’s stock after selling 96,390 shares during the period. Acadian Asset Management LLC owned 0.59% of eHealth worth $1,520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of eHealth by 50.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,692 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 1,241 shares during the last quarter. UBS Group AG lifted its holdings in eHealth by 1,573.8% in the fourth quarter. UBS Group AG now owns 9,457 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 8,892 shares during the last quarter. Alpine Global Management LLC acquired a new position in eHealth in the fourth quarter valued at approximately $49,000. MetLife Investment Management LLC acquired a new position in eHealth in the fourth quarter valued at approximately $64,000. Finally, Barclays PLC lifted its holdings in eHealth by 87.4% in the fourth quarter. Barclays PLC now owns 13,635 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 6,358 shares during the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

eHealth Stock Down 2.7 %

NASDAQ:EHTH opened at $7.61 on Friday. The company has a quick ratio of 5.73, a current ratio of 5.73 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average is $8.07 and its two-hundred day moving average is $8.19. eHealth, Inc. has a 52 week low of $2.67 and a 52 week high of $10.57. The stock has a market capitalization of $213.76 million, a price-to-earnings ratio of -2.17 and a beta of 0.61.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.10) by ($0.12). eHealth had a negative return on equity of 8.77% and a negative net margin of 15.85%. The company had revenue of $66.77 million for the quarter, compared to analysts’ expectations of $49.87 million. Research analysts anticipate that eHealth, Inc. will post -0.24 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EHTH shares. Citigroup upped their price objective on eHealth from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th. StockNews.com started coverage on eHealth in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $13.00 price objective on shares of eHealth in a report on Monday, August 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on eHealth from $5.00 to $10.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $9.50.

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 Individual, Family and Small Business. 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.