683 Capital Management LLC Purchases New Stake in eHealth, Inc. (NASDAQ:EHTH)

683 Capital Management LLC bought a new position in shares of eHealth, Inc. (NASDAQ:EHTH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 50,000 shares of the financial services provider's stock, valued at approximately $470,000. 683 Capital Management LLC owned about 0.17% of eHealth as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC lifted its holdings in eHealth by 43.5% in the fourth quarter. Jane Street Group LLC now owns 108,818 shares of the financial services provider's stock valued at $1,023,000 after buying an additional 32,990 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of eHealth in the 4th quarter valued at $502,000. Paloma Partners Management Co bought a new position in shares of eHealth in the 4th quarter worth $210,000. Nantahala Capital Management LLC grew its stake in shares of eHealth by 5.1% during the fourth quarter. Nantahala Capital Management LLC now owns 2,009,500 shares of the financial services provider's stock worth $18,889,000 after purchasing an additional 97,679 shares during the period. Finally, Northern Trust Corp increased its holdings in eHealth by 18.9% in the fourth quarter. Northern Trust Corp now owns 86,560 shares of the financial services provider's stock valued at $814,000 after purchasing an additional 13,734 shares during the last quarter. Institutional investors own 79.54% of the company's stock.

eHealth Stock Down 5.4 %

NASDAQ EHTH traded down $0.31 on Thursday, reaching $5.44. The company had a trading volume of 360,514 shares, compared to its average volume of 262,796. The company's fifty day moving average is $6.62 and its 200-day moving average is $7.33. eHealth, Inc. has a 1-year low of $3.58 and a 1-year high of $11.36. The firm has a market capitalization of $164.98 million, a price-to-earnings ratio of -1.91 and a beta of 1.11. 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 released its earnings results on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.08. The business had revenue of $113.12 million for the quarter, compared to analyst estimates of $99.46 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. On average, research analysts forecast that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of eHealth from a "hold" rating to a "buy" rating in a research report on Saturday, May 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $6.38.

eHealth 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.