Renaissance Technologies LLC Sells 127,700 Shares of eHealth, Inc. (NASDAQ:EHTH)

Renaissance Technologies LLC lowered its holdings in shares of eHealth, Inc. (NASDAQ:EHTH - Free Report) by 38.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,800 shares of the financial services provider's stock after selling 127,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.69% of eHealth worth $1,916,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of eHealth by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 325,972 shares of the financial services provider's stock worth $3,065,000 after acquiring an additional 7,680 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 worth $1,664,000 after buying an additional 109,814 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in eHealth during the 4th quarter worth approximately $1,193,000. Sei Investments Co. lifted its position in shares of eHealth by 5.3% in the fourth quarter. Sei Investments Co. now owns 110,728 shares of the financial services provider's stock valued at $1,041,000 after acquiring an additional 5,622 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of 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 acquiring an additional 93,615 shares during the last quarter. 79.54% of the stock is currently owned by institutional investors.

eHealth Stock Up 1.6 %

Shares of eHealth stock traded up $0.09 during trading hours on Thursday, hitting $5.65. 36,627 shares of the company's stock traded hands, compared to its average volume of 250,580. eHealth, Inc. has a twelve month low of $3.58 and a twelve month high of $11.36. The stock has a 50 day simple moving average of $7.02 and a 200-day simple moving average of $7.32. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14. The company has a market cap of $169.18 million, a PE ratio of -1.99 and a beta of 0.81.

eHealth (NASDAQ:EHTH - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.00 by $0.20. The firm had revenue of $315.18 million during the quarter, compared to the consensus estimate of $293.47 million. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. Equities research analysts anticipate that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of eHealth from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $6.38.

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.