1 day Ago By ABMN Staff
Trexquant Investment LP reduced its holdings in shares of eHealth, Inc. ( NASDAQ:EHTH – Free Report ) by 66.3% during the 4th quarter, Holdings Channel.
com reports. The fund owned 31,198 shares of the financial services provider’s stock after selling 61,414 shares during the period. Trexquant Investment LP’s holdings in eHealth were worth $293,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in EHTH. R Squared Ltd acquired a new stake in eHealth during the fourth quarter valued at approximately $29,000. Prudential Financial Inc.
bought a new position in shares of eHealth during the 4th quarter worth approximately $111,000. Public Employees Retirement System of Ohio boosted its stake in eHealth by 40.7% in the 3rd quarter.
Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock valued at $51,000 after buying an additional 3,600 shares in the last quarter. WINTON GROUP Ltd acquired a new position in eHealth during the fourth quarter worth $239,000. Finally, Headlands Technologies LLC bought a new position in shares of eHealth during the fourth quarter valued at $243,000.
Institutional investors own 79.54% of the company’s stock. Wall Street Analysts Forecast Growth Separately, StockNews.
com raised shares of eHealth from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, eHealth presently has a consensus rating of “Hold” and an average target price of $6.
38. eHealth Trading Up 0.5 % EHTH stock opened at $5.
96 on Monday. The business has a fifty day moving average price of $8.14 and a 200 day moving average price of $7.
21. 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 fifty-two week low of $3.58 and a fifty-two week high of $11.36.
The stock has a market capitalization of $178.46 million, a price-to-earnings ratio of -2.09 and a beta of 0.
81. eHealth ( NASDAQ:EHTH – Get Free Report ) last announced its earnings results on Wednesday, February 26th. The financial services provider reported $2.
20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.20.
eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%.
The company had revenue of $315.18 million during the quarter, compared to analyst estimates of $293.47 million.
Analysts expect that eHealth, Inc. will post -2.17 EPS for the current fiscal year.
About eHealth ( Free Report ) 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.
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