Findell Capital Management LLC Has $12.91 Million Stock Holdings in eHealth, Inc. (NASDAQ:EHTH)

Findell Capital Management LLC boosted its holdings in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 16.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,373,000 shares of the financial services provider's stock after purchasing an additional 193,000 shares during the quarter. eHealth makes up 5.3% of Findell Capital Management LLC's portfolio, making the stock its 6th biggest holding. Findell Capital Management LLC owned approximately 4.63% of eHealth worth $12,906,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. 683 Capital Management LLC purchased a new stake in shares of eHealth in the fourth quarter worth about $470,000. Raymond James Financial Inc. purchased a new stake in shares of eHealth in the fourth quarter worth about $1,193,000. Quinn Opportunity Partners LLC boosted its position in shares of eHealth by 154.8% in the fourth quarter. Quinn Opportunity Partners LLC now owns 79,000 shares of the financial services provider's stock worth $743,000 after buying an additional 48,000 shares during the period. AMH Equity Ltd purchased a new position in eHealth in the fourth quarter valued at about $426,000. Finally, Truffle Hound Capital LLC purchased a new position in eHealth in the fourth quarter valued at about $658,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.

eHealth Stock Down 4.3%

NASDAQ EHTH traded down $0.23 during trading on Friday, reaching $5.14. 283,329 shares of the company's stock were exchanged, compared to its average volume of 263,610. eHealth, Inc. has a fifty-two week low of $3.58 and a fifty-two week high of $11.36. The firm has a market capitalization of $155.88 million, a PE ratio of -1.80 and a beta of 1.11. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14. The company's fifty day simple moving average is $6.49 and its 200-day simple moving average is $7.37.

eHealth (NASDAQ:EHTH - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.08. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. The company had revenue of $113.12 million during the quarter, compared to the consensus estimate of $99.46 million. Sell-side analysts predict that eHealth, Inc. will post -2.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EHTH. StockNews.com downgraded eHealth from a "buy" rating to a "hold" rating in a report on Sunday. UBS Group reduced their price target on eHealth from $9.50 to $7.00 and set a "neutral" rating for the company in a report on Thursday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $6.75.

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.