WINTON GROUP Ltd Buys New Shares in eHealth, Inc. (NASDAQ:EHTH)

WINTON GROUP Ltd purchased a new position in shares of eHealth, Inc. (NASDAQ:EHTH) during the 4th quarter, Holdings Channel.com reports. The fund purchased 25,444 shares of the financial services provider’s stock, valued at approximately $239,000.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of eHealth during the 4th quarter worth about $29,000. Public Employees Retirement System of Ohio increased its position in eHealth by 40.7% during the third quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock worth $51,000 after buying an additional 3,600 shares during the last quarter. Prudential Financial Inc. bought a new stake in eHealth in the fourth quarter valued at approximately $111,000. SkyView Investment Advisors LLC lifted its position in shares of eHealth by 28.7% in the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after buying an additional 6,694 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of eHealth by 104.3% during the 3rd quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 24,224 shares during the period. Institutional investors and hedge funds own 79.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com raised eHealth from a “sell” rating to a “hold” rating in a report on Friday, March 7th. UBS Group began coverage on shares of eHealth in a research note on Wednesday, December 4th. They set a “neutral” rating and a $5.50 target price for the company. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.38.

eHealth Stock Performance

EHTH opened at $6.58 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. The business has a fifty day simple moving average of $9.06 and a 200 day simple moving average of $7.04. eHealth, Inc. has a 1 year low of $3.58 and a 1 year high of $11.36. The company has a market capitalization of $197.02 million, a PE ratio of -2.31 and a beta of 0.44.

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