eHealth, Inc. (NASDAQ:EHTH) Shares Acquired by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System grew its stake in eHealth, Inc. (NASDAQ:EHTHGet 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on EHTH shares. Credit Suisse Group lowered their price target on eHealth from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, August 15th. Craig Hallum lowered their target price on eHealth to $6.00 in a report on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft lowered their target price on eHealth from $10.00 to $4.00 in a report on Wednesday, November 9th. StockNews.com upgraded eHealth from a “sell” rating to a “hold” rating in a report on Friday, November 18th. Finally, Citigroup lowered their target price on eHealth from $9.00 to $4.50 in a report on Tuesday, November 15th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.25.

eHealth Company Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding EHTH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eHealth, Inc. (NASDAQ:EHTHGet Rating).

Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

Receive News & Ratings for eHealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eHealth and related companies with MarketBeat.com's FREE daily email newsletter.