California Public Employees Retirement System Boosts Stake in eHealth, Inc. (EHTH)

California Public Employees Retirement System boosted its stake in eHealth, Inc. (NASDAQ:EHTH) by 9.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,900 shares of the financial services provider’s stock after buying an additional 9,400 shares during the period. California Public Employees Retirement System owned 0.60% of eHealth worth $1,323,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EHTH. Principal Financial Group Inc. raised its stake in shares of eHealth by 3.6% in the first quarter. Principal Financial Group Inc. now owns 126,866 shares of the financial services provider’s stock valued at $1,527,000 after buying an additional 4,461 shares during the period. OppenheimerFunds Inc. raised its stake in shares of eHealth by 11.1% in the first quarter. OppenheimerFunds Inc. now owns 12,891 shares of the financial services provider’s stock valued at $156,000 after buying an additional 1,289 shares during the period. Cowen Prime Services LLC raised its stake in shares of eHealth by 1.4% in the first quarter. Cowen Prime Services LLC now owns 615,850 shares of the financial services provider’s stock valued at $7,415,000 after buying an additional 8,600 shares during the period. State of Tennessee Treasury Department raised its stake in shares of eHealth by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 16,765 shares of the financial services provider’s stock valued at $202,000 after buying an additional 2,530 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of eHealth by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 86,870 shares of the financial services provider’s stock valued at $1,046,000 after buying an additional 3,920 shares during the period. 92.17% of the stock is owned by institutional investors.

eHealth, Inc. (EHTH) opened at 17.74 on Friday. eHealth, Inc. has a one year low of $6.38 and a one year high of $19.53. The stock’s market capitalization is $328.81 million. The company’s 50 day moving average price is $18.11 and its 200-day moving average price is $15.08.

eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported ($0.92) EPS for the quarter, missing the consensus estimate of ($0.75) by $0.17. The firm had revenue of $28 million for the quarter, compared to analysts’ expectations of $29.25 million. eHealth had a negative return on equity of 5.64% and a negative net margin of 3.44%. The company’s revenue for the quarter was down 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 earnings per share. Analysts expect that eHealth, Inc. will post ($0.94) earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “California Public Employees Retirement System Boosts Stake in eHealth, Inc. (EHTH)” was originally reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://www.com-unik.info/2017/08/19/california-public-employees-retirement-system-boosts-stake-in-ehealth-inc-ehth-updated.html.

EHTH has been the subject of several analyst reports. BidaskClub downgraded eHealth from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded eHealth from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, July 12th. Cantor Fitzgerald restated a “buy” rating and issued a $20.00 target price on shares of eHealth in a research note on Thursday, May 11th. Finally, TheStreet upgraded eHealth from a “d+” rating to a “c” rating in a research note on Thursday, April 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.25.

In other news, Director Jack L. Oliver III sold 14,745 shares of eHealth stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $16.79, for a total value of $247,568.55. Following the transaction, the director now directly owns 51,375 shares in the company, valued at approximately $862,586.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.22% of the company’s stock.

About eHealth

eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.

Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

What are top analysts saying about eHealth Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for eHealth Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit