Bridgeway Capital Management Inc. decreased its holdings in eHealth, Inc. (NASDAQ:EHTH) by 36.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,700 shares of the financial services provider’s stock after selling 25,000 shares during the quarter. Bridgeway Capital Management Inc. owned approximately 0.22% of eHealth worth $1,207,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in eHealth by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 125,608 shares of the financial services provider’s stock valued at $1,797,000 after purchasing an additional 2,981 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of eHealth by 61.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,655 shares of the financial services provider’s stock worth $501,000 after buying an additional 8,630 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of eHealth in the 2nd quarter worth about $343,000. NJ State Employees Deferred Compensation Plan purchased a new stake in shares of eHealth in the 2nd quarter worth about $508,000. Finally, Rhumbline Advisers grew its position in shares of eHealth by 17.7% in the 2nd quarter. Rhumbline Advisers now owns 43,631 shares of the financial services provider’s stock worth $964,000 after buying an additional 6,557 shares during the period. Institutional investors and hedge funds own 94.57% of the company’s stock.
Shares of eHealth stock opened at $38.00 on Thursday. eHealth, Inc. has a 1 year low of $13.61 and a 1 year high of $40.71.
eHealth (NASDAQ:EHTH) last posted its earnings results on Thursday, October 25th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.36) by $0.14. The business had revenue of $40.75 million for the quarter, compared to analysts’ expectations of $34.10 million. eHealth had a negative net margin of 30.13% and a negative return on equity of 17.79%. As a group, sell-side analysts forecast that eHealth, Inc. will post 0.46 EPS for the current year.
A number of analysts have recently weighed in on EHTH shares. BidaskClub downgraded shares of eHealth from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. Chardan Capital started coverage on shares of eHealth in a research report on Thursday, August 16th. They issued a “buy” rating and a $40.00 target price on the stock. Zacks Investment Research raised shares of eHealth from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. ValuEngine downgraded shares of eHealth from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Finally, Cantor Fitzgerald upped their price target on shares of eHealth to $39.00 and gave the stock an “overweight” rating in a research note on Monday, October 8th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $36.25.
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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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