SG Americas Securities LLC Makes New Investment in eHealth, Inc. (NASDAQ:EHTH)

SG Americas Securities LLC acquired a new stake in eHealth, Inc. (NASDAQ:EHTH) during the fourth quarter, Holdings Channel.com reports. The firm acquired 12,307 shares of the financial services provider’s stock, valued at approximately $107,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in eHealth by 269.7% in the first quarter. Renaissance Technologies LLC now owns 646,900 shares of the financial services provider’s stock worth $8,028,000 after purchasing an additional 471,905 shares in the last quarter. Marshall Wace LLP grew its position in shares of eHealth by 460.6% during the 3rd quarter. Marshall Wace LLP now owns 477,567 shares of the financial services provider’s stock worth $1,868,000 after buying an additional 392,372 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of eHealth by 79.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 750,717 shares of the financial services provider’s stock valued at $6,036,000 after acquiring an additional 331,593 shares in the last quarter. Federated Hermes Inc. acquired a new position in shares of eHealth during the 1st quarter valued at $3,202,000. Finally, BlackRock Inc. increased its stake in eHealth by 10.1% in the second quarter. BlackRock Inc. now owns 2,352,410 shares of the financial services provider’s stock valued at $18,913,000 after purchasing an additional 215,658 shares in the last quarter. 79.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum lowered eHealth from a “buy” rating to a “hold” rating and set a $7.00 price target on the stock. in a report on Thursday, January 18th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, eHealth currently has an average rating of “Hold” and an average target price of $10.00.

eHealth Stock Performance

EHTH opened at $4.49 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.11. The company’s fifty day moving average price is $5.97 and its two-hundred day moving average price is $7.18. The company has a market cap of $129.94 million, a price-to-earnings ratio of -1.73 and a beta of 0.40. eHealth, Inc. has a 1-year low of $4.28 and a 1-year high of $10.31.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.56). eHealth had a negative return on equity of 5.54% and a negative net margin of 6.23%. The company had revenue of $247.70 million for the quarter, compared to the consensus estimate of $244.93 million. During the same quarter last year, the company posted $1.01 EPS. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. On average, analysts expect that eHealth, Inc. will post -0.99 EPS for the current fiscal year.

eHealth Company 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.