AlphaQuest LLC Has $120,000 Stock Holdings in eHealth, Inc. $EHTH

AlphaQuest LLC lowered its position in shares of eHealth, Inc. (NASDAQ:EHTH) by 39.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,694 shares of the financial services provider’s stock after selling 18,325 shares during the quarter. AlphaQuest LLC owned approximately 0.09% of eHealth worth $120,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in eHealth in the second quarter valued at about $47,000. Quantbot Technologies LP bought a new position in shares of eHealth in the first quarter valued at approximately $121,000. Corton Capital Inc. acquired a new position in shares of eHealth in the 1st quarter worth approximately $135,000. Jefferies Financial Group Inc. grew its position in eHealth by 15.6% during the 1st quarter. Jefferies Financial Group Inc. now owns 20,351 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 2,751 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in eHealth during the 1st quarter valued at $162,000. 79.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on EHTH shares. UBS Group cut their price objective on eHealth from $7.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Wall Street Zen lowered eHealth from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of eHealth in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.67.

eHealth Stock Down 4.8%

Shares of EHTH opened at $4.93 on Wednesday. The stock’s fifty day simple moving average is $4.45 and its 200-day simple moving average is $4.34. The firm has a market capitalization of $150.65 million, a PE ratio of -7.83 and a beta of 1.29. eHealth, Inc. has a 12-month low of $3.18 and a 12-month high of $11.36.

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.