Eagle Asset Management Inc. Takes $32.44 Million Position in eHealth, Inc. (NASDAQ:EHTH)

Eagle Asset Management Inc. acquired a new stake in shares of eHealth, Inc. (NASDAQ:EHTH) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 485,720 shares of the financial services provider’s stock, valued at approximately $32,441,000. Eagle Asset Management Inc. owned about 2.13% of eHealth at the end of the most recent quarter.

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A number of other institutional investors have also recently made changes to their positions in EHTH. Usca Ria LLC purchased a new position in eHealth in the 3rd quarter worth about $25,000. Cubist Systematic Strategies LLC bought a new stake in shares of eHealth in the second quarter worth approximately $46,000. Joseph P. Lucia & Associates LLC bought a new position in eHealth during the second quarter valued at approximately $46,000. US Bancorp DE grew its position in eHealth by 2,002.8% in the 2nd quarter. US Bancorp DE now owns 757 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 721 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of eHealth by 31.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,458 shares of the financial services provider’s stock valued at $97,000 after buying an additional 352 shares during the period. Institutional investors own 97.99% of the company’s stock.

EHTH stock opened at $90.79 on Tuesday. eHealth, Inc. has a twelve month low of $34.04 and a twelve month high of $112.22. The company has a quick ratio of 2.06, a current ratio of 2.07 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $73.51 and its two-hundred day simple moving average is $79.89. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 144.11 and a beta of 1.17.

eHealth (NASDAQ:EHTH) last issued its earnings results on Thursday, October 24th. The financial services provider reported ($0.43) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.20. eHealth had a net margin of 1.22% and a return on equity of 4.69%. The company had revenue of $69.80 million for the quarter, compared to analysts’ expectations of $55.74 million. eHealth’s revenue was up 71.1% on a year-over-year basis. Research analysts expect that eHealth, Inc. will post 1.58 EPS for the current year.

In related news, Director Dale B. Wolf acquired 1,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $82.10 per share, with a total value of $82,100.00. Following the acquisition, the director now directly owns 4,533 shares in the company, valued at approximately $372,159.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert S. Hurley sold 1,500 shares of eHealth stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $66.51, for a total value of $99,765.00. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.

EHTH has been the subject of a number of research reports. Credit Suisse Group upgraded eHealth to an “outperform” rating in a research report on Friday, September 27th. Deutsche Bank assumed coverage on shares of eHealth in a report on Thursday, September 12th. They set a “buy” rating and a $173.00 target price for the company. Raymond James set a $90.00 price target on shares of eHealth and gave the stock a “buy” rating in a research note on Friday, October 25th. Cantor Fitzgerald set a $120.00 price target on eHealth and gave the company a “buy” rating in a report on Friday, October 25th. Finally, SunTrust Banks set a $150.00 price objective on eHealth and gave the company a “buy” rating in a research report on Friday, September 6th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $114.73.

eHealth Profile

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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Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

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