Eagle Asset Management Inc. Makes New $32.44 Million Investment in eHealth, Inc. (NASDAQ:EHTH)

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Eagle Asset Management Inc. purchased a new position in eHealth, Inc. (NASDAQ:EHTH) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 485,720 shares of the financial services provider’s stock, valued at approximately $32,441,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EHTH. Usca Ria LLC purchased a new stake in eHealth in the third quarter worth about $25,000. Joseph P. Lucia & Associates LLC purchased a new stake in eHealth in the second quarter worth about $46,000. Cubist Systematic Strategies LLC purchased a new stake in eHealth in the second quarter worth about $46,000. US Bancorp DE increased its position in eHealth by 2,002.8% in the second quarter. US Bancorp DE now owns 757 shares of the financial services provider’s stock worth $65,000 after buying an additional 721 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in eHealth by 31.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,458 shares of the financial services provider’s stock worth $97,000 after buying an additional 352 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

In related news, insider Robert S. Hurley sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $82.24, for a total transaction of $123,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Beth A. Brooke purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average cost of $82.24 per share, with a total value of $82,240.00. Following the completion of the purchase, the director now directly owns 2,460 shares in the company, valued at approximately $202,310.40. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 4,000 shares of company stock valued at $374,440 and have sold 13,513 shares valued at $1,262,668. 5.00% of the stock is currently owned by company insiders.

Shares of NASDAQ:EHTH traded up $3.51 during trading on Friday, hitting $78.55. 503,600 shares of the company’s stock were exchanged, compared to its average volume of 627,597. eHealth, Inc. has a 52-week low of $31.42 and a 52-week high of $112.22. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.07 and a quick ratio of 4.12. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 124.68 and a beta of 1.07. The business’s 50-day simple moving average is $65.49 and its 200 day simple moving average is $77.32.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported ($0.43) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.63) by $0.20. eHealth had a return on equity of 4.69% and a net margin of 1.22%. The firm had revenue of $69.80 million during the quarter, compared to analyst estimates of $55.74 million. eHealth’s quarterly revenue was up 71.1% compared to the same quarter last year. On average, sell-side analysts anticipate that eHealth, Inc. will post 1.58 EPS for the current fiscal year.

Several analysts recently issued reports on the company. Raymond James set a $90.00 target price on eHealth and gave the stock a “buy” rating in a research report on Friday, October 25th. Deutsche Bank assumed coverage on eHealth in a research report on Thursday, September 12th. They set a “buy” rating and a $173.00 target price for the company. SunTrust Banks set a $150.00 target price on eHealth and gave the stock a “buy” rating in a research report on Friday, September 6th. Zacks Investment Research cut eHealth from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, First Analysis upgraded eHealth from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $106.00 to $136.00 in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. eHealth currently has a consensus rating of “Buy” and a consensus price target of $114.73.

eHealth Company Profile

eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

Further Reading: How is Preferred Stock Different from Common Stock?

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Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

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