Rhumbline Advisers Trims Stake in eHealth, Inc. (NASDAQ:EHTH)

Rhumbline Advisers reduced its stake in shares of eHealth, Inc. (NASDAQ:EHTH) by 75.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,853 shares of the financial services provider’s stock after selling 30,462 shares during the quarter. Rhumbline Advisers’ holdings in eHealth were worth $45,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. 8 Knots Management LLC purchased a new stake in eHealth in the fourth quarter valued at about $20,895,000. GSA Capital Partners LLP purchased a new stake in shares of eHealth during the first quarter worth $472,000. Los Angeles Capital Management LLC lifted its stake in eHealth by 143.7% in the 1st quarter. Los Angeles Capital Management LLC now owns 88,925 shares of the financial services provider’s stock worth $536,000 after purchasing an additional 52,436 shares in the last quarter. Summit Securities Group LLC purchased a new stake in eHealth in the 2nd quarter valued at $53,000. Finally, BNP Paribas Financial Markets boosted its holdings in eHealth by 76.7% in the 1st quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 5,782 shares during the last quarter. 79.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on EHTH shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of eHealth from $5.00 to $2.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Craig Hallum decreased their price objective on shares of eHealth from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday, August 8th.

eHealth Trading Up 1.5 %

Shares of NASDAQ EHTH opened at $4.14 on Wednesday. The stock has a market cap of $120.57 million, a P/E ratio of -1.62 and a beta of 0.52. The stock has a 50 day moving average of $4.23 and a two-hundred day moving average of $4.75. eHealth, Inc. has a twelve month low of $3.58 and a twelve month high of $9.45.

eHealth (NASDAQ:EHTH) last released its earnings results on Wednesday, August 7th. The financial services provider reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.85) by ($0.38). The firm had revenue of $65.86 million during the quarter, compared to analyst estimates of $55.79 million. eHealth had a negative return on equity of 4.03% and a negative net margin of 6.32%. As a group, research analysts predict that eHealth, Inc. will post -1.51 earnings per share for the current year.

Insider Transactions at eHealth

In other news, CFO John J. Stelben bought 20,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $4.16 per share, for a total transaction of $83,200.00. Following the completion of the transaction, the chief financial officer now owns 515,565 shares in the company, valued at $2,144,750.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other eHealth news, CEO Francis S. Soistman, Jr. bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $4.07 per share, for a total transaction of $203,500.00. Following the completion of the purchase, the chief executive officer now owns 907,875 shares of the company’s stock, valued at approximately $3,695,051.25. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John J. Stelben bought 20,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $4.16 per share, with a total value of $83,200.00. Following the completion of the acquisition, the chief financial officer now owns 515,565 shares of the company’s stock, valued at approximately $2,144,750.40. The disclosure for this purchase can be found here. Insiders have purchased a total of 80,365 shares of company stock valued at $329,404 in the last ninety days. 4.10% of the stock is currently owned by company insiders.

About eHealth

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.