State Board of Administration of Florida Retirement System Sells 137 Shares of eHealth Inc. (EHTH)
State Board of Administration of Florida Retirement System reduced its stake in shares of eHealth Inc. (NASDAQ:EHTH) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,044 shares of the company’s stock after selling 137 shares during the period. State Board of Administration of Florida Retirement System owned about 0.10% of eHealth worth $253,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Strs Ohio bought a new stake in shares of eHealth during the second quarter valued at about $102,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of eHealth during the first quarter valued at about $124,000. Smith Asset Management Group LP boosted its stake in shares of eHealth by 68.7% in the second quarter. Smith Asset Management Group LP now owns 14,730 shares of the company’s stock valued at $207,000 after buying an additional 6,000 shares during the period. Lucus Advisors LLC bought a new stake in shares of eHealth during the second quarter valued at about $345,000. Finally, Acadian Asset Management LLC bought a new stake in shares of eHealth during the second quarter valued at about $366,000. Institutional investors and hedge funds own 89.74% of the company’s stock.
eHealth Inc. (NASDAQ:EHTH) traded down 0.09% during mid-day trading on Monday, reaching $10.92. The company had a trading volume of 5,250 shares. The firm has a market capitalization of $200.12 million, a price-to-earnings ratio of 21.71 and a beta of 1.19. eHealth Inc. has a 12-month low of $8.14 and a 12-month high of $15.14. The firm has a 50-day moving average price of $11.15 and a 200 day moving average price of $11.83.
eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. eHealth had a net margin of 4.58% and a return on equity of 11.85%. The business earned $37.28 million during the quarter, compared to analyst estimates of $37.93 million. During the same period in the previous year, the business earned $0.44 EPS. eHealth’s revenue was down 6.6% compared to the same quarter last year. Analysts expect that eHealth Inc. will post $0.65 EPS for the current year.
EHTH has been the subject of a number of research reports. Zacks Investment Research upgraded eHealth from a “sell” rating to a “hold” rating in a research note on Thursday, August 25th. FBR & Co reiterated a “buy” rating on shares of eHealth in a research note on Tuesday, August 23rd. Jefferies Group dropped their price target on eHealth from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, July 29th. Finally, Craig Hallum cut eHealth from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. eHealth currently has a consensus rating of “Hold” and an average price target of $15.00.
In other news, Director Michael Goldberg purchased 25,000 shares of eHealth stock in a transaction dated Tuesday, August 2nd. The stock was purchased at an average cost of $9.28 per share, for a total transaction of $232,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robert S. Hurley purchased 6,500 shares of eHealth stock in a transaction dated Thursday, August 4th. The shares were purchased at an average price of $9.12 per share, with a total value of $59,280.00. The disclosure for this purchase can be found here. 6.22% of the stock is currently owned by corporate insiders.
eHealth Company Profile
eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.
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