Citadel Advisors LLC lowered its position in shares of eHealth, Inc. (NASDAQ:EHTH) by 78.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,237 shares of the financial services provider’s stock after selling 52,656 shares during the period. Citadel Advisors LLC owned approximately 0.08% of eHealth worth $204,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers raised its stake in shares of eHealth by 17.6% during the fourth quarter. Rhumbline Advisers now owns 36,405 shares of the financial services provider’s stock valued at $632,000 after purchasing an additional 5,445 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of eHealth by 21.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 69,548 shares of the financial services provider’s stock worth $1,209,000 after buying an additional 12,366 shares during the last quarter. White Pine Capital LLC increased its stake in shares of eHealth by 296.3% in the fourth quarter. White Pine Capital LLC now owns 53,900 shares of the financial services provider’s stock worth $936,000 after buying an additional 40,300 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in shares of eHealth in the fourth quarter worth $341,000. Finally, Renaissance Technologies LLC increased its stake in shares of eHealth by 3.6% in the fourth quarter. Renaissance Technologies LLC now owns 909,600 shares of the financial services provider’s stock worth $15,800,000 after buying an additional 31,300 shares during the last quarter. Institutional investors own 88.15% of the company’s stock.
A number of analysts recently issued reports on EHTH shares. Cantor Fitzgerald lifted their price target on shares of eHealth to $22.00 and gave the stock an “overweight” rating in a research note on Friday, May 18th. Zacks Investment Research upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. ValuEngine upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, BidaskClub upgraded shares of eHealth from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $24.00.
Shares of NASDAQ:EHTH opened at $23.20 on Wednesday. The firm has a market capitalization of $451.84 million, a P/E ratio of -17.84 and a beta of 1.62. eHealth, Inc. has a 12-month low of $13.61 and a 12-month high of $28.59.
eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, April 26th. The financial services provider reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.34. The firm had revenue of $43.07 million during the quarter, compared to the consensus estimate of $38.55 million. eHealth had a negative net margin of 46.66% and a negative return on equity of 45.84%. analysts expect that eHealth, Inc. will post 0.22 EPS for the current year.
In other eHealth news, SVP Jay Walter Jennings sold 5,300 shares of eHealth stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $18.73, for a total value of $99,269.00. Following the completion of the transaction, the senior vice president now owns 53,322 shares of the company’s stock, valued at $998,721.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.14% of the company’s stock.
eHealth Company Profile
eHealth, Inc provides private online health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.
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