Connor Clark & Lunn Investment Management Ltd. Trims Stock Position in eHealth, Inc. (NASDAQ:EHTH)

Connor Clark & Lunn Investment Management Ltd. cut its holdings in eHealth, Inc. (NASDAQ:EHTH) by 24.7% during the 3rd quarter, Holdings Channel reports. The firm owned 67,198 shares of the financial services provider’s stock after selling 22,081 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in eHealth were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EHTH. Assenagon Asset Management S.A. boosted its position in eHealth by 4.3% during the second quarter. Assenagon Asset Management S.A. now owns 136,127 shares of the financial services provider’s stock worth $617,000 after acquiring an additional 5,565 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of eHealth during the second quarter worth $53,000. Los Angeles Capital Management LLC grew its position in shares of eHealth by 77.9% in the second quarter. Los Angeles Capital Management LLC now owns 158,171 shares of the financial services provider’s stock valued at $717,000 after purchasing an additional 69,246 shares during the period. ClariVest Asset Management LLC increased its stake in eHealth by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 99,737 shares of the financial services provider’s stock valued at $452,000 after purchasing an additional 2,789 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in eHealth by 15.5% in the second quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 5,120 shares during the last quarter. 79.54% of the stock is owned by hedge funds and other institutional investors.

eHealth Stock Performance

Shares of NASDAQ EHTH opened at $5.65 on Monday. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $4.79 and its two-hundred day moving average price is $4.69. eHealth, Inc. has a 52-week low of $3.58 and a 52-week high of $9.45. The stock has a market capitalization of $167.43 million, a P/E ratio of -1.98 and a beta of 0.49.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EHTH shares. StockNews.com upgraded shares of eHealth from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on eHealth from $5.00 to $2.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Royal Bank of Canada reduced their target price on eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a report on Monday, November 25th. Finally, Craig Hallum upgraded eHealth from a “hold” rating to a “buy” rating and upped their price target for the stock from $5.00 to $7.00 in a research note on Wednesday, November 6th.

eHealth Profile

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.