California Public Employees Retirement System lowered its stake in shares of eHealth Inc. (NASDAQ:EHTH) by 8.8% during the second quarter, Holdings Channel reports. The firm owned 98,600 shares of the company’s stock after selling 9,500 shares during the period. California Public Employees Retirement System owned about 0.54% of eHealth worth $1,382,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Kennedy Capital Management Inc. bought a new stake in shares of eHealth during the first quarter valued at about $689,000. Wellington Management Group LLP boosted its stake in eHealth by 2.5% in the first quarter. Wellington Management Group LLP now owns 2,236,218 shares of the company’s stock worth $20,998,000 after buying an additional 53,929 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in eHealth during the second quarter worth $660,000. American Century Companies Inc. acquired a new stake in eHealth during the second quarter worth $459,000. Finally, Royal Bank of Canada boosted its stake in eHealth by 1,241.9% in the first quarter. Royal Bank of Canada now owns 31,200 shares of the company’s stock worth $293,000 after buying an additional 28,875 shares during the last quarter. 89.74% of the stock is currently owned by institutional investors and hedge funds.
eHealth Inc. (NASDAQ:EHTH) traded down 1.27% during trading on Thursday, hitting $10.86. The company’s stock had a trading volume of 36,916 shares. The firm has a market cap of $199.02 million, a PE ratio of 21.59 and a beta of 1.19. eHealth Inc. has a one year low of $8.14 and a one year high of $15.14. The company has a 50-day moving average of $11.16 and a 200 day moving average of $11.82.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. eHealth had a return on equity of 11.85% and a net margin of 4.58%. The business had revenue of $37.28 million for the quarter, compared to analyst estimates of $37.93 million. During the same quarter in the prior year, the company earned $0.44 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. On average, equities analysts forecast that eHealth Inc. will post $0.65 earnings per share for the current year.
A number of analysts have recently weighed in on EHTH shares. Jefferies Group lowered their price objective on eHealth from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Friday, July 29th. Craig Hallum cut eHealth from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Zacks Investment Research cut eHealth from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, FBR & Co reissued a “buy” rating on shares of eHealth in a research report on Tuesday, August 23rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.00.
In other news, CEO Scott N. Flanders bought 117,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average price of $9.15 per share, for a total transaction of $1,070,550.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Goldberg bought 25,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were purchased at an average price of $9.28 per share, with a total value of $232,000.00. The disclosure for this purchase can be found here. Insiders own 6.22% of the company’s stock.
eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.