255,750 Shares in eHealth, Inc. (EHTH) Acquired by Prospect Capital Advisors LLC

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Prospect Capital Advisors LLC acquired a new position in shares of eHealth, Inc. (NASDAQ:EHTH) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 255,750 shares of the financial services provider’s stock, valued at approximately $9,826,000. eHealth makes up 5.8% of Prospect Capital Advisors LLC’s portfolio, making the stock its 7th largest holding.

Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in eHealth during the 4th quarter worth $42,000. LS Investment Advisors LLC lifted its position in shares of eHealth by 316.8% in the 4th quarter. LS Investment Advisors LLC now owns 1,980 shares of the financial services provider’s stock worth $76,000 after buying an additional 1,505 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of eHealth in the 4th quarter worth about $181,000. Ibex Investors LLC bought a new position in shares of eHealth in the 4th quarter worth about $223,000. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of eHealth by 312.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,832 shares of the financial services provider’s stock worth $224,000 after buying an additional 4,418 shares during the last quarter. 83.37% of the stock is owned by institutional investors.

In related news, CFO Derek N. Yung purchased 2,000 shares of the company’s stock in a transaction on Wednesday, February 27th. The shares were bought at an average cost of $55.36 per share, for a total transaction of $110,720.00. Following the transaction, the chief financial officer now owns 45,750 shares of the company’s stock, valued at $2,532,720. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Goldberg sold 2,337 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $58.00, for a total transaction of $135,546.00. The disclosure for this sale can be found here. 4.14% of the stock is currently owned by insiders.

A number of research firms have recently issued reports on EHTH. Zacks Investment Research downgraded shares of eHealth from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 1st. TheStreet upgraded shares of eHealth from a “c” rating to a “b” rating in a research report on Friday, February 22nd. BidaskClub downgraded shares of eHealth from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 25th. SunTrust Banks raised their price target on shares of eHealth to $75.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, Royal Bank of Canada raised their price target on shares of eHealth from $57.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 20th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. eHealth presently has an average rating of “Buy” and a consensus target price of $71.71.

EHTH stock opened at $57.23 on Thursday. eHealth, Inc. has a 52 week low of $14.17 and a 52 week high of $67.44. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 91.45 and a beta of 1.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.45 and a current ratio of 0.45.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, February 21st. The financial services provider reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.26). eHealth had a return on equity of 3.81% and a net margin of 0.10%. The company had revenue of $134.92 million for the quarter, compared to the consensus estimate of $134.66 million. On average, research analysts expect that eHealth, Inc. will post 0.9 EPS for the current year.

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eHealth Profile

eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce 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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Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

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