Quinn Opportunity Partners LLC Acquires 48,000 Shares of eHealth, Inc. (NASDAQ:EHTH)

Quinn Opportunity Partners LLC boosted its stake in shares of eHealth, Inc. (NASDAQ:EHTH) by 154.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,000 shares of the financial services provider’s stock after acquiring an additional 48,000 shares during the quarter. Quinn Opportunity Partners LLC owned approximately 0.27% of eHealth worth $743,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its position in shares of eHealth by 40.7% during the third quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 3,600 shares in the last quarter. Barclays PLC lifted its holdings in eHealth by 104.3% during the 3rd quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock worth $194,000 after buying an additional 24,224 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in eHealth by 28.7% in the 3rd quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after buying an additional 6,694 shares during the last quarter. Kera Capital Partners Inc. acquired a new stake in shares of eHealth in the 4th quarter valued at $358,000. Finally, R Squared Ltd bought a new stake in shares of eHealth during the fourth quarter worth $29,000. Institutional investors own 79.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded eHealth from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.38.

eHealth Price Performance

EHTH opened at $5.96 on Friday. The company has a fifty day moving average price of $8.14 and a two-hundred day moving average price of $7.19. The firm has a market capitalization of $178.46 million, a PE ratio of -2.09 and a beta of 0.81. eHealth, Inc. has a 52 week low of $3.58 and a 52 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 posted its earnings results on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.20. The company had revenue of $315.18 million during the quarter, compared to analyst estimates of $293.47 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. As a group, analysts anticipate that eHealth, Inc. will post -2.17 earnings per share for the current year.

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.