Marshall Wace LLP Sells 125,474 Shares of eHealth, Inc. (NASDAQ:EHTH)

Marshall Wace LLP lowered its holdings in shares of eHealth, Inc. (NASDAQ:EHTH - Free Report) by 28.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 308,767 shares of the financial services provider's stock after selling 125,474 shares during the quarter. Marshall Wace LLP owned 1.04% of eHealth worth $2,902,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd bought a new position in shares of eHealth in the 4th quarter valued at about $29,000. Prudential Financial Inc. purchased a new position in shares of eHealth in the 4th quarter worth approximately $111,000. SkyView Investment Advisors LLC increased its position in shares of eHealth by 28.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 6,694 shares during the last quarter. XTX Topco Ltd purchased a new stake in eHealth during the 4th quarter valued at $145,000. Finally, Barclays PLC lifted its position in eHealth by 104.3% in the third quarter. Barclays PLC now owns 47,445 shares of the financial services provider's stock worth $194,000 after buying an additional 24,224 shares during the last quarter. 79.54% of the stock is owned by hedge funds and other institutional investors.

eHealth Trading Down 2.5 %

Shares of NASDAQ EHTH traded down $0.14 during midday trading on Friday, hitting $5.42. The company's stock had a trading volume of 113,124 shares, compared to its average volume of 256,338. The business's 50 day moving average is $6.94 and its two-hundred day moving average is $7.32. eHealth, Inc. has a 12-month low of $3.58 and a 12-month high of $11.36. 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 firm has a market cap of $162.32 million, a P/E ratio of -1.90 and a beta of 0.81.

eHealth (NASDAQ:EHTH - Get Free Report) last released its earnings results on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.20. The business had revenue of $315.18 million during the quarter, compared to the consensus estimate of $293.47 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. As a group, equities research analysts expect that eHealth, Inc. will post -2.17 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of eHealth from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.