Squarepoint Ops LLC Acquires 162,094 Shares of eHealth, Inc. $EHTH

Squarepoint Ops LLC increased its holdings in shares of eHealth, Inc. (NASDAQ:EHTH) by 333.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 210,661 shares of the financial services provider’s stock after purchasing an additional 162,094 shares during the period. Squarepoint Ops LLC’s holdings in eHealth were worth $916,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EHTH. Geode Capital Management LLC increased its position in eHealth by 101.3% in the 2nd quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock worth $3,097,000 after buying an additional 358,192 shares during the period. Millennium Management LLC grew its stake in shares of eHealth by 74.3% in the first quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider’s stock worth $4,714,000 after acquiring an additional 300,792 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of eHealth by 107.0% in the first quarter. Acadian Asset Management LLC now owns 445,911 shares of the financial services provider’s stock worth $2,976,000 after acquiring an additional 230,480 shares during the last quarter. Marshall Wace LLP increased its position in eHealth by 237.6% during the second quarter. Marshall Wace LLP now owns 298,010 shares of the financial services provider’s stock worth $1,296,000 after acquiring an additional 209,725 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in eHealth by 25.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 676,234 shares of the financial services provider’s stock valued at $2,942,000 after purchasing an additional 139,096 shares during the last quarter. Institutional investors own 79.54% of the company’s stock.

eHealth Price Performance

Shares of eHealth stock opened at $4.44 on Tuesday. The firm has a market cap of $136.57 million, a P/E ratio of -17.08 and a beta of 1.27. The firm’s 50-day simple moving average is $4.38 and its 200-day simple moving average is $4.12. eHealth, Inc. has a twelve month low of $3.18 and a twelve month high of $11.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.23 and a current ratio of 2.23.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of eHealth from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of eHealth in a research report on Monday, December 15th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $7.00.

About eHealth

eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.

Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.