Los Angeles Capital Management LLC Acquires Shares of 36,489 eHealth, Inc. (NASDAQ:EHTH)

Los Angeles Capital Management LLC purchased a new stake in eHealth, Inc. (NASDAQ:EHTH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 36,489 shares of the financial services provider’s stock, valued at approximately $318,000.

Several other institutional investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its holdings in eHealth by 148.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,689 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 2,207 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in eHealth by 17.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,798 shares of the financial services provider’s stock worth $265,000 after buying an additional 5,366 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of eHealth by 4.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 168,660 shares of the financial services provider’s stock worth $1,248,000 after buying an additional 7,843 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of eHealth during the 4th quarter valued at $107,000. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of eHealth during the 3rd quarter worth $97,000. Hedge funds and other institutional investors own 79.54% of the company’s stock.

eHealth Stock Performance

Shares of eHealth stock opened at $5.16 on Monday. The stock has a market capitalization of $150.26 million, a price-to-earnings ratio of -2.02 and a beta of 0.49. The company has a fifty day moving average of $5.34 and a 200-day moving average of $6.80. eHealth, Inc. has a 52-week low of $4.28 and a 52-week high of $10.31.

eHealth (NASDAQ:EHTH) last posted 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). The business had revenue of $247.70 million for the quarter, compared to analysts’ expectations of $244.93 million. eHealth had a negative net margin of 5.36% and a negative return on equity of 3.90%. The business’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 earnings per share. On average, equities research analysts forecast that eHealth, Inc. will post -0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Craig Hallum cut eHealth from a “buy” rating to a “hold” rating and set a $7.00 target price on the stock. 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, eHealth has a consensus rating of “Hold” and a consensus price target of $10.00.

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.