Mirae Asset Global Investments Co. Ltd. Increases Stake in eHealth, Inc. (NASDAQ:EHTH)

Mirae Asset Global Investments Co. Ltd. increased its holdings in eHealth, Inc. (NASDAQ:EHTH) by 101.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,247 shares of the financial services provider’s stock after purchasing an additional 36,449 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in eHealth were worth $630,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of eHealth in the 4th quarter valued at $107,000. DSC Advisors L.P. boosted its stake in shares of eHealth by 7.9% in the 3rd quarter. DSC Advisors L.P. now owns 410,000 shares of the financial services provider’s stock valued at $3,034,000 after purchasing an additional 30,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of eHealth by 93.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 109,810 shares of the financial services provider’s stock valued at $813,000 after purchasing an additional 53,141 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of eHealth in the 3rd quarter valued at $97,000. Finally, Acadian Asset Management LLC boosted its stake in shares of eHealth by 25.7% in the 3rd quarter. Acadian Asset Management LLC now owns 481,454 shares of the financial services provider’s stock valued at $3,561,000 after purchasing an additional 98,338 shares in the last quarter. Hedge funds and other institutional investors own 79.54% of the company’s stock.

eHealth Trading Down 2.2 %

Shares of EHTH opened at $4.42 on Friday. The stock has a market capitalization of $127.91 million, a P/E ratio of -1.70 and a beta of 0.40. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $5.77 and a two-hundred day simple moving average of $7.09. eHealth, Inc. has a twelve month low of $4.28 and a twelve month 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 for the quarter, missing the consensus estimate of $1.83 by ($0.56). The firm had revenue of $247.70 million for the quarter, compared to analysts’ expectations of $244.93 million. eHealth had a negative net margin of 6.23% and a negative return on equity of 5.54%. The company’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 EPS. On average, research analysts anticipate that eHealth, Inc. will post -0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum cut shares of eHealth from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research note on Thursday, January 18th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.00.

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 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.