Eversept Partners LP lowered its position in shares of eHealth, Inc. (NASDAQ:EHTH) by 10.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,739 shares of the financial services provider’s stock after selling 21,910 shares during the quarter. eHealth comprises 4.4% of Eversept Partners LP’s investment portfolio, making the stock its 9th biggest holding. Eversept Partners LP owned about 0.79% of eHealth worth $15,389,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. increased its stake in eHealth by 1.0% in the 2nd quarter. BlackRock Inc. now owns 2,952,554 shares of the financial services provider’s stock valued at $254,213,000 after buying an additional 29,842 shares during the last quarter. FMR LLC increased its stake in eHealth by 1,540.3% in the 1st quarter. FMR LLC now owns 1,644,434 shares of the financial services provider’s stock valued at $102,514,000 after buying an additional 1,544,184 shares during the last quarter. Redmile Group LLC increased its stake in eHealth by 12.0% in the 1st quarter. Redmile Group LLC now owns 1,222,405 shares of the financial services provider’s stock valued at $76,205,000 after buying an additional 131,010 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in eHealth by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 727,294 shares of the financial services provider’s stock valued at $27,941,000 after buying an additional 44,820 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in eHealth by 15.0% in the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 553,298 shares of the financial services provider’s stock valued at $34,493,000 after buying an additional 72,093 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

In other eHealth news, Director Beth A. Brooke purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of $82.24 per share, for a total transaction of $82,240.00. Following the purchase, the director now owns 2,460 shares of the company’s stock, valued at approximately $202,310.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert S. Hurley sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $82.24, for a total transaction of $123,360.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 4,000 shares of company stock worth $374,440 and have sold 174,627 shares worth $18,048,613. Corporate insiders own 5.00% of the company’s stock.

NASDAQ:EHTH traded down $0.30 on Friday, reaching $75.33. 4,405 shares of the company’s stock were exchanged, compared to its average volume of 563,686. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 121.70 and a beta of 1.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.12 and a quick ratio of 4.12. The stock has a fifty day simple moving average of $96.24 and a 200-day simple moving average of $75.52. eHealth, Inc. has a 52 week low of $26.46 and a 52 week high of $112.22.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.53) by $0.47. The company had revenue of $65.80 million for the quarter, compared to analysts’ expectations of $40.98 million. eHealth had a net margin of 1.99% and a return on equity of 7.70%. The firm’s revenue was up 101.2% compared to the same quarter last year. As a group, sell-side analysts predict that eHealth, Inc. will post 1.34 EPS for the current year.

EHTH has been the subject of several analyst reports. SunTrust Banks set a $150.00 price objective on shares of eHealth and gave the company a “buy” rating in a research note on Friday, September 6th. Credit Suisse Group increased their price objective on shares of eHealth from $118.00 to $136.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. First Analysis upgraded shares of eHealth from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $106.00 to $136.00 in a research note on Monday, July 29th. Deutsche Bank initiated coverage on shares of eHealth in a research note on Thursday. They issued a “buy” rating and a $173.00 price objective for the company. Finally, Royal Bank of Canada increased their price objective on shares of eHealth from $89.00 to $111.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and two have given a strong buy rating to the company. eHealth presently has an average rating of “Buy” and an average target price of $117.20.

eHealth Company 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.

Read More: What is the cash asset ratio?

Want to see what other hedge funds are holding EHTH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eHealth, Inc. (NASDAQ:EHTH).

Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

Receive News & Ratings for eHealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eHealth and related companies with MarketBeat.com's FREE daily email newsletter.