683 Capital Management LLC Makes New Investment in eHealth, Inc. (NASDAQ:EHTH)

683 Capital Management LLC bought a new stake in eHealth, Inc. (NASDAQ:EHTH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,000 shares of the financial services provider's stock, valued at approximately $470,000. 683 Capital Management LLC owned 0.17% of eHealth at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EHTH. R Squared Ltd acquired a new stake in eHealth during the 4th quarter worth approximately $29,000. Prudential Financial Inc. bought a new stake in eHealth in the 4th quarter valued at $111,000. XTX Topco Ltd acquired a new position in eHealth in the 4th quarter worth $145,000. Barclays PLC increased its holdings in 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 purchasing an additional 24,224 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of eHealth in the 4th quarter valued at about $210,000. Institutional investors own 79.54% of the company's stock.

eHealth Stock Down 10.6 %

EHTH traded down $0.55 on Monday, hitting $4.64. 307,572 shares of the company were exchanged, compared to its average volume of 257,768. The company has a market cap of $140.72 million, a PE ratio of -1.63 and a beta of 1.11. eHealth, Inc. has a 12 month low of $3.58 and a 12 month high of $11.36. The stock's fifty day moving average is $6.77 and its 200-day moving average is $7.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.10 and a current ratio of 3.10.

eHealth (NASDAQ:EHTH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.00 by $0.20. The business had revenue of $315.18 million for the quarter, compared to analyst estimates of $293.47 million. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. Equities research analysts predict that eHealth, Inc. will post -2.17 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised eHealth from a "hold" rating to a "buy" rating in a research report on Saturday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, eHealth currently has a consensus rating of "Hold" and an average price target of $6.38.

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.