Acadian Asset Management LLC Acquires 230,480 Shares of eHealth, Inc. $EHTH

Key Points

• Acadian Asset Management LLC increased its stake in eHealth, Inc. by 107.0%, owning approximately 1.47% of the company valued at $2,976,000 after acquiring an additional 230,480 shares.
• Overall, institutional investors and hedge funds own 79.54% of eHealth's stock, indicating significant interest from larger financial firms.
• The stock has a market capitalization of $119.80 million, with a 52-week trading range between $3.18 and $11.36, suggesting potential volatility in its value.

Acadian Asset Management LLC raised its stake in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 107.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 445,911 shares of the financial services provider's stock after purchasing an additional 230,480 shares during the period. Acadian Asset Management LLC owned approximately 1.47% of eHealth worth $2,976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jane Street Group LLC lifted its holdings in shares of eHealth by 115.9% during the 1st quarter. Jane Street Group LLC now owns 234,894 shares of the financial services provider's stock worth $1,569,000 after acquiring an additional 126,076 shares during the period. Goldman Sachs Group Inc. increased its position in eHealth by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 144,263 shares of the financial services provider's stock valued at $964,000 after acquiring an additional 40,096 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in eHealth in the 1st quarter valued at about $506,000. Millennium Management LLC increased its position in eHealth by 74.3% in the 1st quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider's stock valued at $4,714,000 after acquiring an additional 300,792 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in eHealth by 21.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 228,320 shares of the financial services provider's stock valued at $1,525,000 after acquiring an additional 40,503 shares in the last quarter. 79.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EHTH has been the subject of several research reports. Wall Street Zen cut shares of eHealth from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. UBS Group lowered their price objective on shares of eHealth from $7.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $7.67.

eHealth Stock Up 0.3%

eHealth stock traded up $0.01 during midday trading on Friday, hitting $3.97. 375,289 shares of the stock were exchanged, compared to its average volume of 253,572. The company has a fifty day simple moving average of $3.76 and a two-hundred day simple moving average of $4.87. eHealth, Inc. has a 52 week low of $3.18 and a 52 week high of $11.36. The stock has a market capitalization of $121.32 million, a PE ratio of -6.30 and a beta of 1.13.

About eHealth

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.