TIAA CREF Investment Management LLC trimmed its holdings in shares of eHealth, Inc. (NASDAQ:EHTH) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,185 shares of the financial services provider’s stock after selling 4,401 shares during the quarter. TIAA CREF Investment Management LLC owned 0.21% of eHealth worth $663,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers boosted its stake in shares of eHealth by 17.6% during the fourth quarter. Rhumbline Advisers now owns 36,405 shares of the financial services provider’s stock valued at $632,000 after purchasing an additional 5,445 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in eHealth by 21.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 69,548 shares of the financial services provider’s stock valued at $1,209,000 after acquiring an additional 12,366 shares in the last quarter. B. Riley Financial Inc. acquired a new stake in eHealth in the fourth quarter valued at approximately $323,000. White Pine Capital LLC boosted its stake in eHealth by 296.3% in the fourth quarter. White Pine Capital LLC now owns 53,900 shares of the financial services provider’s stock valued at $936,000 after acquiring an additional 40,300 shares in the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in eHealth in the fourth quarter valued at approximately $341,000. Hedge funds and other institutional investors own 90.69% of the company’s stock.
EHTH has been the subject of several research reports. ValuEngine downgraded shares of eHealth from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research raised shares of eHealth from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. BidaskClub cut shares of eHealth from a “hold” rating to a “sell” rating in a report on Wednesday. TheStreet upgraded shares of eHealth from a “d” rating to a “c-” rating in a research report on Thursday, April 26th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $20.00 price target on shares of eHealth in a research report on Tuesday, March 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.00.
Shares of EHTH opened at $18.84 on Friday. eHealth, Inc. has a fifty-two week low of $18.64 and a fifty-two week high of $18.81. The company has a market cap of $358.59 million, a P/E ratio of -14.72 and a beta of 1.63.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings data on Thursday, April 26th. The financial services provider reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.34. eHealth had a negative net margin of 46.66% and a negative return on equity of 45.84%. The company had revenue of $43.07 million for the quarter, compared to the consensus estimate of $38.55 million. analysts predict that eHealth, Inc. will post 0.31 earnings per share for the current year.
In related news, SVP Jay Walter Jennings sold 5,300 shares of the stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $18.73, for a total transaction of $99,269.00. Following the completion of the sale, the senior vice president now owns 53,322 shares in the company, valued at approximately $998,721.06. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.22% of the company’s stock.
eHealth Company Profile
eHealth, Inc provides private online 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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