Kornitzer Capital Management Inc. KS lifted its position in eHealth, Inc. (NASDAQ:EHTH) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,265 shares of the financial services provider’s stock after acquiring an additional 12,220 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.68% of eHealth worth $10,303,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in EHTH. Usca Ria LLC bought a new position in eHealth in the third quarter worth about $25,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of eHealth during the second quarter valued at about $46,000. Cubist Systematic Strategies LLC acquired a new position in shares of eHealth during the second quarter valued at about $46,000. US Bancorp DE increased its holdings in shares of eHealth by 2,002.8% during the second quarter. US Bancorp DE now owns 757 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 721 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of eHealth by 31.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,458 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 352 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.
NASDAQ EHTH traded up $3.93 during trading hours on Friday, reaching $78.97. The stock had a trading volume of 38,615 shares, compared to its average volume of 1,148,053. The stock has a fifty day moving average of $65.54 and a 200 day moving average of $77.20. The stock has a market cap of $1.66 billion, a P/E ratio of 125.54 and a beta of 1.07. eHealth, Inc. has a 52-week low of $31.42 and a 52-week high of $112.22. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.12 and a current ratio of 2.07.
eHealth (NASDAQ:EHTH) last issued its earnings results on Thursday, October 24th. The financial services provider reported ($0.43) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.63) by $0.20. The firm had revenue of $69.80 million for the quarter, compared to analyst estimates of $55.74 million. eHealth had a return on equity of 4.69% and a net margin of 1.22%. The company’s quarterly revenue was up 71.1% on a year-over-year basis. On average, equities research analysts forecast that eHealth, Inc. will post 1.58 EPS for the current year.
In related news, Director Michael Goldberg sold 7,013 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $102.15, for a total value of $716,377.95. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO David K. Francis sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $109.54, for a total value of $219,080.00. The disclosure for this sale can be found here. In the last quarter, insiders purchased 4,000 shares of company stock worth $374,440 and sold 13,513 shares worth $1,262,668. 5.00% of the stock is owned by corporate insiders.
Several equities analysts have recently issued reports on EHTH shares. Zacks Investment Research downgraded shares of eHealth from a “buy” rating to a “hold” rating in a report on Monday. First Analysis upgraded shares of eHealth from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $106.00 to $136.00 in a report on Monday, July 29th. Credit Suisse Group upgraded shares of eHealth to an “outperform” rating in a report on Friday, September 27th. Evercore ISI set a $125.00 price objective on shares of eHealth and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Raymond James set a $90.00 price objective on shares of eHealth and gave the company a “buy” rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. eHealth currently has an average rating of “Buy” and an average target price of $114.73.
eHealth, Inc provides private 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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