Trexquant Investment LP Has $1.11 Million Holdings in eHealth, Inc. $EHTH

Key Points

• Trexquant Investment LP increased its stake in eHealth, Inc. by 430.7%, owning 165,565 shares valued at approximately $1.11 million, according to its recent SEC filing.
• Multiple institutional investors have also adjusted their positions, with 79.54% of the company's stock now held by institutional investors and hedge funds.
• Analysts have mixed ratings for eHealth, with an average price target of $7.67, while one analyst has given it a "Buy" rating and two have assigned "Hold" ratings.

Trexquant Investment LP increased its stake in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 430.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 165,565 shares of the financial services provider's stock after purchasing an additional 134,367 shares during the period. Trexquant Investment LP owned approximately 0.55% of eHealth worth $1,106,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in EHTH. OMERS ADMINISTRATION Corp lifted its stake in eHealth by 18.5% in the first quarter. OMERS ADMINISTRATION Corp now owns 49,400 shares of the financial services provider's stock valued at $330,000 after buying an additional 7,727 shares during the period. Jump Financial LLC lifted its position in shares of eHealth by 37.8% during the 1st quarter. Jump Financial LLC now owns 40,954 shares of the financial services provider's stock valued at $274,000 after buying an additional 11,244 shares during the last quarter. AlphaQuest LLC purchased a new stake in eHealth during the 1st quarter worth about $307,000. EntryPoint Capital LLC bought a new position in shares of eHealth in the first quarter valued at approximately $162,000. Finally, Quantbot Technologies LP purchased a new stake in shares of eHealth in the 1st quarter valued at about $121,000. 79.54% of the stock is currently owned by institutional investors.

eHealth Stock Performance

EHTH stock traded down $0.01 on Tuesday, reaching $3.90. The company had a trading volume of 160,522 shares, compared to its average volume of 285,491. 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 $3.79 and its 200 day moving average is $5.12. The company has a market cap of $119.18 million, a P/E ratio of -6.19 and a beta of 1.13.

Analysts Set New Price Targets

EHTH has been the topic of several recent research reports. UBS Group reduced their price target on eHealth from $7.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $11.00 price objective on shares of eHealth in a report on Monday, May 19th. Finally, Wall Street Zen downgraded eHealth from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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.