Persistent Asset Partners Ltd Decreases Stock Position in eHealth, Inc. $EHTH

Persistent Asset Partners Ltd decreased its position in eHealth, Inc. (NASDAQ:EHTH) by 26.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,106 shares of the financial services provider’s stock after selling 39,209 shares during the quarter. Persistent Asset Partners Ltd’s holdings in eHealth were worth $470,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new position in shares of eHealth in the first quarter valued at $706,000. Corton Capital Inc. acquired a new position in eHealth in the 1st quarter worth $135,000. XTX Topco Ltd grew its stake in shares of eHealth by 296.2% during the first quarter. XTX Topco Ltd now owns 61,205 shares of the financial services provider’s stock valued at $409,000 after acquiring an additional 45,758 shares in the last quarter. Jefferies Financial Group Inc. increased its position in shares of eHealth by 15.6% during the first quarter. Jefferies Financial Group Inc. now owns 20,351 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 2,751 shares during the last quarter. Finally, Truffle Hound Capital LLC lifted its stake in shares of eHealth by 185.7% in the first quarter. Truffle Hound Capital LLC now owns 200,000 shares of the financial services provider’s stock worth $1,336,000 after acquiring an additional 130,000 shares in the last quarter. 79.54% of the stock is owned by institutional investors and hedge funds.

eHealth Stock Down 3.8%

Shares of eHealth stock opened at $3.82 on Friday. The business has a 50-day moving average price of $4.47 and a 200 day moving average price of $4.25. eHealth, Inc. has a fifty-two week low of $3.18 and a fifty-two week high of $11.36. The firm has a market cap of $117.52 million, a P/E ratio of -6.06 and a beta of 1.27.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group lowered their price objective on eHealth from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of eHealth in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of eHealth from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, eHealth presently has an average rating of “Reduce” and an average target price of $8.00.

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.