Connor Clark & Lunn Investment Management Ltd. Buys 109,814 Shares of eHealth, Inc. (NASDAQ:EHTH)

Connor Clark & Lunn Investment Management Ltd. increased its stake in eHealth, Inc. (NASDAQ:EHTH) by 163.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177,012 shares of the financial services provider’s stock after acquiring an additional 109,814 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in eHealth were worth $1,664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EHTH. Jacobs Levy Equity Management Inc. boosted its stake in shares of eHealth by 86.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 98,793 shares during the last quarter. RBF Capital LLC boosted its position in eHealth by 29.0% during the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock valued at $1,808,000 after acquiring an additional 99,618 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of eHealth by 40.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 3,600 shares in the last quarter. Barclays PLC lifted its stake in shares of eHealth by 104.3% in the 3rd quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 24,224 shares during the period. Finally, SkyView Investment Advisors LLC boosted its position 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 purchasing an additional 6,694 shares in the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.

eHealth Stock Performance

Shares of eHealth stock opened at $7.34 on Thursday. The company has a market cap of $219.78 million, a PE ratio of -2.58 and a beta of 0.44. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14. eHealth, Inc. has a 52 week low of $3.58 and a 52 week high of $11.36. The business has a 50 day moving average price of $9.43 and a 200-day moving average price of $6.86.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.20. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. The business had revenue of $315.18 million for the quarter, compared to analysts’ expectations of $293.47 million. Equities analysts anticipate that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EHTH shares. UBS Group began coverage on eHealth in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 price target on the stock. StockNews.com raised shares of eHealth from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Royal Bank of Canada dropped their price target on eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.38.

About eHealth

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.