Sei Investments Co. Grows Position in eHealth, Inc. (NASDAQ:EHTH)

Sei Investments Co. raised its holdings in shares of eHealth, Inc. (NASDAQ:EHTH) by 5.3% during the fourth quarter, HoldingsChannel reports. The firm owned 110,728 shares of the financial services provider’s stock after purchasing an additional 5,622 shares during the period. Sei Investments Co.’s holdings in eHealth were worth $1,041,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EHTH. Jacobs Levy Equity Management Inc. boosted its stake in shares of eHealth by 86.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 98,793 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in eHealth by 40.7% during 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 acquiring an additional 3,600 shares in the last quarter. Barclays PLC increased its holdings in shares of eHealth by 104.3% in the 3rd quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 24,224 shares during the period. SkyView Investment Advisors LLC increased its holdings in shares of eHealth by 28.7% in the 3rd quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 6,694 shares during the period. Finally, Kera Capital Partners Inc. bought a new position in shares of eHealth in the 4th quarter worth $358,000. Institutional investors own 79.54% of the company’s stock.

eHealth Price Performance

Shares of EHTH opened at $5.80 on Tuesday. The company has a 50 day moving average of $8.60 and a two-hundred day moving average of $7.14. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14. eHealth, Inc. has a twelve month low of $3.58 and a twelve month high of $11.36. The company has a market cap of $173.67 million, a price-to-earnings ratio of -2.04 and a beta of 0.81.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share for the quarter, topping 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 firm had revenue of $315.18 million during the quarter, compared to analysts’ expectations of $293.47 million. As a group, analysts predict that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised eHealth from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.38.

eHealth 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.