eHealth, Inc. $EHTH Stock Position Lifted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 203.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 537,138 shares of the financial services provider's stock after purchasing an additional 360,126 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.77% of eHealth worth $3,588,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EHTH. Sona Asset Management US LLC acquired a new stake in shares of eHealth in the fourth quarter valued at about $4,199,000. Findell Capital Management LLC lifted its position in shares of eHealth by 16.4% during the fourth quarter. Findell Capital Management LLC now owns 1,373,000 shares of the financial services provider's stock worth $12,906,000 after purchasing an additional 193,000 shares in the last quarter. Millennium Management LLC lifted its position in shares of eHealth by 83.3% during the fourth quarter. Millennium Management LLC now owns 404,912 shares of the financial services provider's stock worth $3,806,000 after purchasing an additional 183,956 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in eHealth in the fourth quarter valued at approximately $1,383,000. Finally, Truffle Hound Capital LLC raised its holdings in eHealth by 185.7% in the first quarter. Truffle Hound Capital LLC now owns 200,000 shares of the financial services provider's stock valued at $1,336,000 after acquiring an additional 130,000 shares in the last quarter. Hedge funds and other institutional investors own 79.54% of the company's stock.

eHealth Price Performance

Shares of EHTH stock traded up $0.15 on Monday, hitting $3.58. 142,098 shares of the stock traded hands, compared to its average volume of 372,825. The company has a market capitalization of $109.28 million, a PE ratio of -5.64 and a beta of 1.06. eHealth, Inc. has a 1-year low of $3.18 and a 1-year high of $11.36. The company's fifty day moving average is $3.91 and its 200 day moving average is $5.85.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of eHealth from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. UBS Group cut their target price on shares of eHealth from $7.00 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $11.00 price target on shares of eHealth in a report on Monday, May 19th.

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.