eHealth, Inc. (NASDAQ:EHTH) Position Lessened by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in eHealth, Inc. (NASDAQ:EHTH) by 24.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 27,551 shares of the financial services provider’s stock after selling 8,700 shares during the period. California State Teachers Retirement System owned 0.15% of eHealth worth $518,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EHTH. Vanguard Group Inc. increased its stake in shares of eHealth by 5.9% during the first quarter. Vanguard Group Inc. now owns 932,496 shares of the financial services provider’s stock worth $11,227,000 after acquiring an additional 52,357 shares during the period. Geode Capital Management LLC increased its stake in shares of eHealth by 3.9% during the first quarter. Geode Capital Management LLC now owns 135,293 shares of the financial services provider’s stock worth $1,628,000 after acquiring an additional 5,088 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of eHealth by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 645,432 shares of the financial services provider’s stock worth $7,771,000 after acquiring an additional 56,767 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of eHealth by 6.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 53,897 shares of the financial services provider’s stock worth $649,000 after acquiring an additional 3,078 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of eHealth by 131.4% during the first quarter. Bank of America Corp DE now owns 25,728 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 14,610 shares during the period. 89.94% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on EHTH shares. Cantor Fitzgerald boosted their price target on shares of eHealth from $21.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of eHealth from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. TheStreet upgraded shares of eHealth from a “d+” rating to a “c” rating in a research report on Monday, October 16th. Wells Fargo & Co upped their target price on shares of eHealth from $18.00 to $24.00 and gave the stock a “market perform” rating in a research report on Thursday, October 19th. Finally, SunTrust Banks restated a “buy” rating and set a $22.00 target price on shares of eHealth in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.33.

eHealth, Inc. (EHTH) remained flat at $$17.37 during mid-day trading on Friday. 220,047 shares of the company traded hands, compared to its average volume of 182,876. The firm has a market capitalization of $323.47, a price-to-earnings ratio of -15.10 and a beta of 1.57. eHealth, Inc. has a 1-year low of $10.33 and a 1-year high of $28.59.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.98) EPS for the quarter, missing the consensus estimate of ($0.73) by ($0.25). The business had revenue of $26.62 million during the quarter, compared to analyst estimates of $25.55 million. eHealth had a negative net margin of 11.94% and a negative return on equity of 21.88%. The firm’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.23) earnings per share. sell-side analysts anticipate that eHealth, Inc. will post -1.6 EPS for the current year.

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eHealth 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.

Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

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