State Board of Administration of Florida Retirement System grew its stake in eHealth, Inc. (NASDAQ:EHTH – Get Rating) by 86.5% in the second quarter, Holdings Channel reports. The fund owned 19,984 shares of the financial services provider’s stock after purchasing an additional 9,270 shares during the period. State Board of Administration of Florida Retirement System’s holdings in eHealth were worth $186,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of EHTH. Palo Alto Investors LP grew its holdings in shares of eHealth by 2.3% during the 1st quarter. Palo Alto Investors LP now owns 1,652,260 shares of the financial services provider’s stock worth $20,505,000 after purchasing an additional 36,690 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of eHealth by 203.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 298,155 shares of the financial services provider’s stock worth $2,782,000 after purchasing an additional 199,810 shares during the period. Everence Capital Management Inc. purchased a new position in shares of eHealth during the 2nd quarter worth $197,000. 13D Management LLC grew its holdings in shares of eHealth by 69.2% during the 1st quarter. 13D Management LLC now owns 189,007 shares of the financial services provider’s stock worth $2,346,000 after purchasing an additional 77,300 shares during the period. Finally, Cetera Advisor Networks LLC purchased a new position in shares of eHealth during the 1st quarter worth $187,000. 87.16% of the stock is owned by institutional investors and hedge funds.
eHealth Stock Performance
Shares of EHTH opened at $3.09 on Wednesday. The stock has a 50-day simple moving average of $3.64 and a 200-day simple moving average of $6.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.83 and a current ratio of 5.83. The stock has a market capitalization of $84.73 million, a PE ratio of -0.49 and a beta of 0.41. eHealth, Inc. has a 1 year low of $2.67 and a 1 year high of $27.89.
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eHealth Company 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 Individual, Family and Small Business. Its ecommerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.
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