Amundi Sells 24,659 Shares of eHealth, Inc. (NASDAQ:EHTH)

Amundi trimmed its holdings in shares of eHealth, Inc. (NASDAQ:EHTH) by 39.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,288 shares of the financial services provider’s stock after selling 24,659 shares during the quarter. Amundi owned approximately 0.13% of eHealth worth $379,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EHTH. Jacobs Levy Equity Management Inc. grew its position in 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 buying an additional 98,793 shares during the period. RBF Capital LLC boosted its position in shares of eHealth by 29.0% in the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock worth $1,808,000 after purchasing an additional 99,618 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of eHealth by 40.7% in 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 purchasing an additional 3,600 shares during the period. Barclays PLC boosted its position in shares of eHealth by 104.3% in the third quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 24,224 shares during the period. Finally, SkyView Investment Advisors LLC boosted 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 worth $122,000 after purchasing an additional 6,694 shares during the period. 79.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EHTH. StockNews.com upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. UBS Group began coverage on shares of eHealth in a research report on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 price target for the company. Finally, Royal Bank of Canada dropped their price target on shares of eHealth from $13.00 to $11.00 and set a “sector perform” rating for the company in a research report on Monday, November 25th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $6.38.

eHealth Price Performance

Shares of NASDAQ:EHTH opened at $7.40 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.10 and a current ratio of 3.10. The firm has a fifty day moving average price of $9.38 and a 200 day moving average price of $6.86. eHealth, Inc. has a fifty-two week low of $3.58 and a fifty-two week high of $11.36. The firm has a market cap of $221.58 million, a price-to-earnings ratio of -2.60 and a beta of 0.44.

eHealth (NASDAQ:EHTH) last issued its earnings results 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 net margin of 7.58% and a negative return on equity of 5.70%. The firm had revenue of $315.18 million during the quarter, compared to analyst estimates of $293.47 million. As a group, sell-side analysts expect that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

eHealth Company 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.