R Squared Ltd Buys Shares of 10,765 eHealth, Inc. $EHTH

R Squared Ltd bought a new stake in eHealth, Inc. (NASDAQ:EHTH) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,765 shares of the financial services provider’s stock, valued at approximately $47,000.

A number of other hedge funds have also added to or reduced their stakes in EHTH. Connor Clark & Lunn Investment Management Ltd. grew its holdings in eHealth by 203.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 537,138 shares of the financial services provider’s stock valued at $3,588,000 after buying an additional 360,126 shares in the last quarter. Millennium Management LLC grew its holdings in eHealth by 74.3% during the 1st quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider’s stock valued at $4,714,000 after buying an additional 300,792 shares in the last quarter. Acadian Asset Management LLC grew its holdings in eHealth by 107.0% during the 1st quarter. Acadian Asset Management LLC now owns 445,911 shares of the financial services provider’s stock valued at $2,976,000 after buying an additional 230,480 shares in the last quarter. Trexquant Investment LP grew its holdings in eHealth by 430.7% during the 1st quarter. Trexquant Investment LP now owns 165,565 shares of the financial services provider’s stock valued at $1,106,000 after buying an additional 134,367 shares in the last quarter. Finally, Truffle Hound Capital LLC grew its holdings in eHealth by 185.7% during the 1st quarter. Truffle Hound Capital LLC now owns 200,000 shares of the financial services provider’s stock valued at $1,336,000 after buying an additional 130,000 shares in the last quarter. Hedge funds and other institutional investors own 79.54% of the company’s stock.

eHealth Stock Performance

Shares of EHTH stock opened at $5.27 on Monday. eHealth, Inc. has a fifty-two week low of $3.18 and a fifty-two week high of $11.36. The stock has a 50 day moving average price of $4.22 and a two-hundred day moving average price of $4.40. The company has a market capitalization of $161.05 million, a P/E ratio of -8.36 and a beta of 1.29.

Analyst Upgrades and Downgrades

EHTH has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of eHealth in a research note on Friday. Wall Street Zen cut eHealth from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, UBS Group decreased their price objective on eHealth from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.67.

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.