Atom Investors LP Cuts Stake in eHealth, Inc. (NASDAQ:EHTH)

Atom Investors LP lessened its holdings in shares of eHealth, Inc. (NASDAQ:EHTH) by 19.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,782 shares of the financial services provider’s stock after selling 49,859 shares during the period. Atom Investors LP’s holdings in eHealth were worth $860,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Marshall Wace LLP acquired a new position in eHealth during the 2nd quarter valued at approximately $675,000. Cubist Systematic Strategies LLC lifted its position in eHealth by 307.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 175,878 shares of the financial services provider’s stock worth $797,000 after acquiring an additional 132,720 shares during the period. Renaissance Technologies LLC grew its stake in eHealth by 104.7% during the 2nd quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider’s stock valued at $1,167,000 after purchasing an additional 131,772 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of eHealth by 77.9% in the second quarter. Los Angeles Capital Management LLC now owns 158,171 shares of the financial services provider’s stock valued at $717,000 after purchasing an additional 69,246 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of eHealth by 43.0% in the third quarter. Assenagon Asset Management S.A. now owns 194,667 shares of the financial services provider’s stock worth $794,000 after purchasing an additional 58,540 shares during the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.

Analysts Set New Price Targets

EHTH has been the topic of a number of recent research reports. Royal Bank of Canada dropped their target price on eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Monday, November 25th. StockNews.com raised shares of eHealth from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of eHealth from $5.00 to $2.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Finally, Craig Hallum raised eHealth from a “hold” rating to a “buy” rating and increased their price target for the stock from $5.00 to $7.00 in a research report on Wednesday, November 6th.

eHealth Stock Performance

Shares of NASDAQ EHTH opened at $5.67 on Wednesday. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14. The firm’s 50 day simple moving average is $4.83 and its 200-day simple moving average is $4.69. eHealth, Inc. has a 12 month low of $3.58 and a 12 month high of $9.45.

eHealth Profile

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.