Headlands Technologies LLC Acquires New Holdings in eHealth, Inc. (NASDAQ:EHTH)

Headlands Technologies LLC bought a new position in eHealth, Inc. (NASDAQ:EHTH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,849 shares of the financial services provider’s stock, valued at approximately $243,000. Headlands Technologies LLC owned approximately 0.09% of eHealth as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EHTH. Jacobs Levy Equity Management Inc. boosted its holdings in eHealth by 86.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider’s stock worth $867,000 after purchasing an additional 98,793 shares in the last quarter. Public Employees Retirement System of Ohio lifted 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 buying an additional 3,600 shares during the last quarter. 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 in the last quarter. SkyView Investment Advisors LLC raised its stake in shares of eHealth by 28.7% in the 3rd quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 6,694 shares in the last quarter. Finally, Kera Capital Partners Inc. acquired a new stake in eHealth in the 4th quarter worth approximately $358,000. 79.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded eHealth from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, eHealth has an average rating of “Hold” and a consensus target price of $6.38.

eHealth Price Performance

Shares of NASDAQ:EHTH opened at $5.88 on Friday. The company has a market cap of $176.06 million, a price-to-earnings ratio of -2.06 and a beta of 0.81. The business has a 50 day moving average price of $8.69 and a 200 day moving average price of $7.09. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14. eHealth, Inc. has a twelve month low of $3.58 and a twelve month high of $11.36.

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