Raymond James Financial Inc. Acquires Shares of 126,877 eHealth, Inc. (NASDAQ:EHTH)

Raymond James Financial Inc. bought a new stake in shares of eHealth, Inc. (NASDAQ:EHTH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 126,877 shares of the financial services provider’s stock, valued at approximately $1,193,000. Raymond James Financial Inc. owned about 0.43% of eHealth at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its position in eHealth by 163.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 177,012 shares of the financial services provider’s stock worth $1,664,000 after acquiring an additional 109,814 shares during the period. JPMorgan Chase & Co. raised its stake 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 valued at $917,000 after acquiring an additional 93,615 shares during the period. Truffle Hound Capital LLC purchased a new stake in eHealth during the fourth quarter valued at about $658,000. AMH Equity Ltd bought a new position in eHealth during the fourth quarter worth about $426,000. Finally, Kera Capital Partners Inc. purchased a new position in shares of eHealth in the fourth quarter worth about $358,000. 79.54% of the stock is currently owned by institutional investors.

eHealth Price Performance

Shares of NASDAQ:EHTH opened at $5.19 on Friday. eHealth, Inc. has a 12 month low of $3.58 and a 12 month high of $11.36. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14. The stock has a market cap of $155.40 million, a P/E ratio of -1.82 and a beta of 0.81. The company has a 50 day moving average of $6.86 and a 200 day moving average of $7.35.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of eHealth from a “hold” rating to a “buy” rating in a report on Saturday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.38.

About eHealth

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.