Geode Capital Management LLC Raises Holdings in eHealth, Inc. (NASDAQ:EHTH)

Geode Capital Management LLC boosted its stake in shares of eHealth, Inc. (NASDAQ:EHTH) by 2.4% in the 4th quarter, HoldingsChannel reports. The fund owned 325,972 shares of the financial services provider’s stock after buying an additional 7,680 shares during the quarter. Geode Capital Management LLC’s holdings in eHealth were worth $3,065,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in eHealth by 163.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 177,012 shares of the financial services provider’s stock valued at $1,664,000 after acquiring an additional 109,814 shares during the period. Raymond James Financial Inc. purchased a new stake in eHealth in the 4th quarter worth approximately $1,193,000. Sei Investments Co. lifted its holdings in eHealth by 5.3% in the 4th quarter. Sei Investments Co. now owns 110,728 shares of the financial services provider’s stock worth $1,041,000 after buying an additional 5,622 shares during the period. JPMorgan Chase & Co. lifted its holdings in eHealth by 2,348.6% in the 4th quarter. JPMorgan Chase & Co. now owns 97,601 shares of the financial services provider’s stock worth $917,000 after buying an additional 93,615 shares during the period. Finally, Truffle Hound Capital LLC purchased a new stake in eHealth in the 4th quarter worth approximately $658,000. 79.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut eHealth from a “buy” rating to a “hold” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, eHealth presently has a consensus rating of “Hold” and a consensus target price of $6.38.

eHealth Trading Down 2.6 %

EHTH opened at $6.09 on Tuesday. The stock has a market cap of $182.35 million, a PE ratio of -2.14 and a beta of 0.81. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $7.20 and a 200-day moving average of $7.34. eHealth, Inc. has a 52 week low of $3.58 and a 52 week high of $11.36.

eHealth (NASDAQ:EHTH) last released its earnings results on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.20. The company had revenue of $315.18 million during the quarter, compared to analysts’ expectations of $293.47 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. Equities research analysts predict that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

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.