Russell Investments Group Ltd. Invests $251,000 in eHealth, Inc. (NASDAQ:EHTH)

Russell Investments Group Ltd. purchased a new position in eHealth, Inc. (NASDAQ:EHTH) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 27,085 shares of the financial services provider’s stock, valued at approximately $251,000. Russell Investments Group Ltd. owned about 0.09% of eHealth at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in eHealth during the 4th quarter valued at about $1,193,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of eHealth by 163.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 177,012 shares of the financial services provider’s stock valued at $1,664,000 after acquiring an additional 109,814 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in eHealth by 2,348.6% in the 4th quarter. JPMorgan Chase & Co. now owns 97,601 shares of the financial services provider’s stock worth $917,000 after acquiring an additional 93,615 shares during the last quarter. Truffle Hound Capital LLC bought a new position in eHealth in the 4th quarter valued at approximately $658,000. Finally, AMH Equity Ltd purchased a new stake in eHealth during the 4th quarter valued at $426,000. Hedge funds and other institutional investors own 79.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised eHealth from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.38.

eHealth Stock Performance

EHTH stock opened at $6.30 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. eHealth, Inc. has a 1 year low of $3.58 and a 1 year high of $11.36. The company has a market cap of $188.64 million, a P/E ratio of -2.21 and a beta of 0.81. The stock’s fifty day moving average price is $7.39 and its 200-day moving average price is $7.28.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.20. The business had revenue of $315.18 million during the quarter, compared to the consensus estimate of $293.47 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. On average, equities analysts forecast that eHealth, Inc. will post -2.17 earnings per share for the current year.

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.