G2 Investment Partners Management LLC Sells 450,966 Shares of eHealth, Inc. (NASDAQ:EHTH)

G2 Investment Partners Management LLC reduced its position in shares of eHealth, Inc. (NASDAQ:EHTHFree Report) by 50.5% in the fourth quarter, Holdings Channel reports. The firm owned 442,637 shares of the financial services provider’s stock after selling 450,966 shares during the period. G2 Investment Partners Management LLC’s holdings in eHealth were worth $3,860,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. 8 Knots Management LLC bought a new position in eHealth in the 4th quarter worth about $20,895,000. Tower Research Capital LLC TRC lifted its position in eHealth by 1,205.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,188 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 8,484 shares during the last quarter. Jump Financial LLC grew its stake in eHealth by 18.1% in the 4th quarter. Jump Financial LLC now owns 21,413 shares of the financial services provider’s stock worth $187,000 after buying an additional 3,282 shares in the last quarter. Sapient Capital LLC bought a new position in shares of eHealth in the 4th quarter worth $265,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of eHealth during the 4th quarter worth $318,000. Institutional investors own 79.54% of the company’s stock.

eHealth Stock Performance

EHTH traded down $0.16 during trading on Thursday, reaching $4.84. The stock had a trading volume of 141,524 shares, compared to its average volume of 288,143. The business has a 50-day moving average of $5.11 and a 200-day moving average of $6.42. eHealth, Inc. has a one year low of $4.28 and a one year high of $10.20. The stock has a market cap of $140.94 million, a PE ratio of -1.96 and a beta of 0.67.

eHealth (NASDAQ:EHTHGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The financial services provider reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.28). eHealth had a negative net margin of 5.36% and a negative return on equity of 3.90%. The firm had revenue of $92.96 million for the quarter, compared to analysts’ expectations of $78.05 million. Equities research analysts forecast that eHealth, Inc. will post -1.11 EPS for the current fiscal year.

About eHealth

(Free Report)

eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Employer and Individual. The Medicare segment offers sale of Medicare-related health insurance plans, which includes Medicare advantage, Medicare Supplement, and Medicare Part D prescription drug plans to Medicare-eligible customers including but not limited to, dental, and vision insurance, as well as advertising program for marketing and other services.

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Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

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