eHealth, Inc. $EHTH Shares Bought by Acadian Asset Management LLC

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 lifted its holdings in shares of eHealth, Inc. (NASDAQ:EHTH - Free Report) by 107.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 445,911 shares of the financial services provider's stock after buying an additional 230,480 shares during the quarter. Acadian Asset Management LLC owned approximately 1.47% of eHealth worth $2,976,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its stake in eHealth by 115.9% in the 1st quarter. Jane Street Group LLC now owns 234,894 shares of the financial services provider's stock valued at $1,569,000 after purchasing an additional 126,076 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in eHealth by 38.5% during 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 during the period. Dynamic Technology Lab Private Ltd purchased a new position in eHealth during the 1st quarter valued at about $506,000. Millennium Management LLC boosted its holdings in eHealth by 74.3% during 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 during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of 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 buying an additional 40,503 shares during the period. 79.54% of the stock is owned by institutional investors and hedge funds.

eHealth Stock Performance

Shares of EHTH opened at $3.92 on Tuesday. The company has a market capitalization of $119.80 million, a P/E ratio of -6.22 and a beta of 1.13. eHealth, Inc. has a one year low of $3.18 and a one year high of $11.36. The stock has a 50-day moving average price of $3.77 and a 200 day moving average price of $4.95.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EHTH shares. Royal Bank Of Canada reissued a "sector perform" rating and set a $11.00 target price on shares of eHealth in a research report on Monday, May 19th. Wall Street Zen lowered eHealth from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, UBS Group cut their price target on eHealth from $7.00 to $5.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $7.67.

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.

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