eHealth, Inc. (NASDAQ:EHTH) Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. cut its stake in eHealth, Inc. (NASDAQ:EHTH) by 59.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,695 shares of the financial services provider’s stock after selling 34,452 shares during the quarter. Panagora Asset Management Inc.’s holdings in eHealth were worth $207,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Jump Financial LLC grew its holdings in shares of eHealth by 18.1% in the fourth quarter. Jump Financial LLC now owns 21,413 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 3,282 shares during the period. Sapient Capital LLC acquired a new position in eHealth in the 4th quarter valued at about $265,000. Los Angeles Capital Management LLC purchased a new stake in shares of eHealth in the 4th quarter valued at approximately $318,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of eHealth by 101.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,247 shares of the financial services provider’s stock worth $630,000 after buying an additional 36,449 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of eHealth during the 4th quarter valued at approximately $107,000. Hedge funds and other institutional investors own 79.54% of the company’s stock.

eHealth Stock Performance

Shares of eHealth stock opened at $5.56 on Friday. eHealth, Inc. has a fifty-two week low of $4.28 and a fifty-two week high of $10.31. The firm has a market capitalization of $161.92 million, a price-to-earnings ratio of -2.18 and a beta of 0.49. The stock has a 50 day moving average of $5.17 and a 200 day moving average of $6.61.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Tuesday, May 7th. The financial services provider reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.28). eHealth had a negative return on equity of 3.90% and a negative net margin of 5.36%. The business had revenue of $92.96 million for the quarter, compared to analyst estimates of $78.05 million. Analysts forecast that eHealth, Inc. will post -1.11 EPS for the current year.

About eHealth

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.