Xact Kapitalforvaltning AB Makes New $232,000 Investment in eHealth, Inc. (NASDAQ:EHTH)

Xact Kapitalforvaltning AB purchased a new position in eHealth, Inc. (NASDAQ:EHTH) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,700 shares of the financial services provider’s stock, valued at approximately $232,000.

A number of other large investors have also recently made changes to their positions in the business. New York State Teachers Retirement System boosted its holdings in eHealth by 0.4% in the first quarter. New York State Teachers Retirement System now owns 48,584 shares of the financial services provider’s stock worth $3,029,000 after acquiring an additional 197 shares in the last quarter. Quantamental Technologies LLC bought a new position in eHealth in the first quarter worth approximately $29,000. Macquarie Group Ltd. bought a new position in eHealth in the fourth quarter worth approximately $27,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in eHealth by 12.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,296 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 706 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of eHealth by 2.0% in the fourth quarter. Legal & General Group Plc now owns 35,337 shares of the financial services provider’s stock worth $1,337,000 after purchasing an additional 707 shares during the last quarter. Institutional investors and hedge funds own 98.62% of the company’s stock.

Shares of EHTH traded down $0.77 on Tuesday, reaching $105.07. 33,866 shares of the company’s stock traded hands, compared to its average volume of 556,827. The company has a debt-to-equity ratio of 0.08, a quick ratio of 6.03 and a current ratio of 4.12. The firm has a market capitalization of $2.46 billion, a PE ratio of 167.30 and a beta of 1.22. The business has a 50 day moving average price of $85.51. eHealth, Inc. has a 52-week low of $22.85 and a 52-week high of $112.22.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.53) by $0.47. The company had revenue of $65.80 million during the quarter, compared to the consensus estimate of $40.98 million. eHealth had a return on equity of 7.70% and a net margin of 1.99%. eHealth’s revenue was up 101.2% compared to the same quarter last year. As a group, analysts forecast that eHealth, Inc. will post 1.17 earnings per share for the current year.

Several brokerages have recently commented on EHTH. Credit Suisse Group began coverage on LTC Properties in a research note on Wednesday, July 10th. They issued an “underperform” rating and a $19.00 price objective for the company. Cantor Fitzgerald increased their price objective on Stryker from $190.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday. SunTrust Banks set a $120.00 price objective on FTI Consulting and gave the stock a “buy” rating in a research note on Friday. TheStreet downgraded Trinity Industries from a “b” rating to a “c” rating in a research note on Thursday, April 25th. Finally, Craig Hallum raised PROS from a “hold” rating to a “buy” rating and increased their price objective for the stock from $36.00 to $60.00 in a research note on Friday, April 26th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. eHealth has a consensus rating of “Buy” and a consensus price target of $105.00.

In related news, insider Robert S. Hurley sold 6,000 shares of the stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $89.95, for a total transaction of $539,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Goldberg sold 7,500 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $63.23, for a total value of $474,225.00. The disclosure for this sale can be found here. Insiders have sold 60,755 shares of company stock valued at $4,026,975 over the last ninety days. 5.00% of the stock is currently owned by company insiders.

About eHealth

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.

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Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

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