Is eHealth, Inc. (EHTH) A Good Stock To Buy?

Page 2 of 2

With a general bullishness amongst the heavyweights, key hedge funds have jumped into eHealth, Inc. (NASDAQ:EHTH) headfirst. Highbridge Capital Management, managed by Glenn Russell Dubin, assembled the most outsized position in eHealth, Inc. (NASDAQ:EHTH). Highbridge Capital Management had $0.6 million invested in the company at the end of the quarter. Peter Algert and Kevin Coldiron’s Algert Coldiron Investors also initiated a $0.6 million position during the quarter. The other funds with brand new EHTH positions are Peter Muller’s PDT Partners, Mike Vranos’s Ellington, and Chao Ku’s Nine Chapters Capital Management.

Let’s check out hedge fund activity in other stocks similar to eHealth, Inc. (NASDAQ:EHTH). We will take a look at OvaScience Inc (NASDAQ:OVAS), Bel Fuse, Inc. (NASDAQ:BELFB), Independence Realty Trust Inc (NYSEMKT:IRT), and Safe Bulkers, Inc. (NYSE:SB). All of these stocks’ market caps are similar to EHTH’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
OVAS 13 46912 -1
BELFB 11 13713 4
IRT 9 81140 0
SB 6 13244 0

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $39 million, compared to $87 million in EHTH’s case. OvaScience Inc (NASDAQ:OVAS) is the most popular stock in this table with a total of 13 funds reporting long positions. On the other hand Safe Bulkers, Inc. (NYSE:SB) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks eHealth, Inc. (NASDAQ:EHTH) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Page 2 of 2