Millennium Management LLC Buys 183,956 Shares of eHealth, Inc. (NASDAQ:EHTH)

Millennium Management LLC boosted its holdings in shares of eHealth, Inc. (NASDAQ:EHTH - Free Report) by 83.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 404,912 shares of the financial services provider's stock after acquiring an additional 183,956 shares during the period. Millennium Management LLC owned 1.37% of eHealth worth $3,806,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Findell Capital Management LLC lifted its stake in eHealth by 16.4% in the fourth quarter. Findell Capital Management LLC now owns 1,373,000 shares of the financial services provider's stock valued at $12,906,000 after buying an additional 193,000 shares during the period. Raymond James Financial Inc. acquired a new position in shares of eHealth during the 4th quarter worth about $1,193,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of eHealth by 163.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 177,012 shares of the financial services provider's stock valued at $1,664,000 after acquiring an additional 109,814 shares during the last quarter. Nantahala Capital Management LLC raised its position in shares of eHealth by 5.1% in the 4th quarter. Nantahala Capital Management LLC now owns 2,009,500 shares of the financial services provider's stock valued at $18,889,000 after acquiring an additional 97,679 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in eHealth by 2,348.6% in the fourth quarter. JPMorgan Chase & Co. now owns 97,601 shares of the financial services provider's stock worth $917,000 after purchasing an additional 93,615 shares during the period. Institutional investors own 79.54% of the company's stock.

eHealth Stock Up 0.7%

EHTH traded up $0.03 during trading on Wednesday, hitting $4.40. The company had a trading volume of 363,801 shares, compared to its average volume of 268,031. The firm's 50-day moving average price is $5.39 and its 200 day moving average price is $7.27. eHealth, Inc. has a one year low of $3.58 and a one year high of $11.36. The company has a market capitalization of $133.44 million, a PE ratio of -1.54 and a beta of 0.94. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14.

eHealth (NASDAQ:EHTH - Get Free Report) last released 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 firm had revenue of $113.12 million during the quarter, compared to the consensus estimate of $99.46 million. As a group, equities analysts expect that eHealth, Inc. will post -2.17 earnings per share for the current year.

Wall Street Analyst Weigh In

EHTH has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of eHealth from a "buy" rating to a "hold" rating in a research report on Sunday, May 11th. UBS Group lowered their price target on eHealth from $9.50 to $7.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $11.00 price objective on shares of eHealth in a report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $6.75.

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.