AMH Equity Ltd Invests $426,000 in eHealth, Inc. (NASDAQ:EHTH)

AMH Equity Ltd acquired a new stake in shares of eHealth, Inc. (NASDAQ:EHTH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 45,336 shares of the financial services provider’s stock, valued at approximately $426,000. AMH Equity Ltd owned 0.15% of eHealth at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EHTH. R Squared Ltd bought a new stake in eHealth during the fourth quarter valued at about $29,000. Public Employees Retirement System of Ohio lifted its position in shares of eHealth by 40.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock valued at $51,000 after buying an additional 3,600 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in shares of eHealth by 28.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 6,694 shares during the period. Barclays PLC increased its holdings in eHealth by 104.3% in the 3rd quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 24,224 shares in the last quarter. Finally, Kera Capital Partners Inc. purchased a new stake in eHealth in the 4th quarter worth approximately $358,000. 79.54% of the stock is currently owned by hedge funds and other institutional investors.

eHealth Price Performance

Shares of NASDAQ:EHTH opened at $9.46 on Thursday. The firm has a market cap of $280.34 million, a price-to-earnings ratio of -3.32 and a beta of 0.32. The firm has a fifty day moving average price of $9.69 and a 200 day moving average price of $6.44. eHealth, Inc. has a fifty-two week low of $3.58 and a fifty-two week high of $11.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.10 and a current ratio of 3.10.

eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.00 by $0.20. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. As a group, sell-side analysts expect that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

EHTH has been the topic of several analyst reports. Craig Hallum raised shares of eHealth from a “hold” rating to a “buy” rating and lifted their price target for the company from $5.00 to $7.00 in a report on Wednesday, November 6th. UBS Group started coverage on shares of eHealth in a report on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 target price for the company. Royal Bank of Canada cut their price target on eHealth from $13.00 to $11.00 and set a “sector perform” rating for the company in a research note on Monday, November 25th. Finally, StockNews.com upgraded eHealth from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.38.

eHealth Company 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.