Jane Street Group LLC Sells 316,940 Shares of eHealth, Inc. (NASDAQ:EHTH)

Jane Street Group LLC lowered its position in shares of eHealth, Inc. (NASDAQ:EHTH) by 80.7% during the third quarter, Holdings Channel.com reports. The firm owned 75,828 shares of the financial services provider’s stock after selling 316,940 shares during the quarter. Jane Street Group LLC’s holdings in eHealth were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. RBF Capital LLC grew its position in eHealth by 29.0% during the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock worth $1,808,000 after buying an additional 99,618 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of eHealth by 86.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider’s stock valued at $867,000 after acquiring an additional 98,793 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of eHealth by 43.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 194,667 shares of the financial services provider’s stock worth $794,000 after purchasing an additional 58,540 shares in the last quarter. Point72 DIFC Ltd increased its position in shares of eHealth by 3,996.8% in the second quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 12,430 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in eHealth in the second quarter valued at about $201,000. 79.54% of the stock is owned by institutional investors and hedge funds.

eHealth Stock Performance

Shares of eHealth stock opened at $9.91 on Friday. The business’s fifty day simple moving average is $6.60 and its 200 day simple moving average is $5.18. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14. eHealth, Inc. has a 12 month low of $3.58 and a 12 month high of $10.60. The firm has a market capitalization of $293.67 million, a P/E ratio of -3.48 and a beta of 0.31.

Analyst Ratings Changes

Several equities analysts have recently commented on EHTH shares. Royal Bank of Canada dropped their target price on shares of eHealth from $13.00 to $11.00 and set a “sector perform” rating for the company in a research report on Monday, November 25th. Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating and boosted their price objective for the company from $5.00 to $7.00 in a research report on Wednesday, November 6th. UBS Group assumed coverage on eHealth in a report on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 target price on the stock. Finally, StockNews.com upgraded eHealth from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, eHealth presently has a consensus rating of “Hold” and a consensus price target of $6.38.

About eHealth

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.