Hudson Executive Capital LP Doubles Stake in eHealth, Inc. (EHTH) to 5.8%, Held Talks with Board - 13D

February 19, 2021 7:54 AM EST

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In a 13D filing on eHealth, Inc. (NASDAQ: EHTH), hedge fund Hudson Executive Capital LP disclosed a 5.8%, or 1,501,002 share, stake in the company. This is up 100.00% from the 750,501 shares held at the end of the latest quarter ending December 31, 2020.

From the Filing:

The Reporting Persons acquired the Subject Shares in the belief that the Shares are undervalued and are an attractive investment.

Certain of the Reporting Persons have had and may continue to have discussions with the Company’s management and board of directors (the “Board”) to discuss the Company’s business, strategies and corporate governance. The Reporting Persons may seek to have additional conversations with the management, the Board, and stockholders of the Company, and other persons to discuss the Company’s business, strategies, corporate governance, board composition and other matters related to the Company.

The Reporting Persons intend to review their respective investment in the Company on a continuing basis. Depending on various factors, including, without limitation, the outcome of any discussions referenced above, the Company’s financial position and strategic direction, actions taken by the Board, price levels of the Shares, other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, the Reporting Persons may from time to time and at any time in the future take such actions with respect to the investment in the Company as they deem appropriate, including: (i) proposing changes in the Company’s operations, management, Board or governance and/or soliciting proxies from other stockholders of the Company in connection therewith; (ii) acquiring additional Shares and/or other equity, debt, notes or other securities of the Company, or derivative or other instruments that are based upon or relate to the value of the Shares or the Company (collectively, “Securities”) in the open market or otherwise; (iii) disposing of any or all of their Securities in the open market or otherwise; (iv) engaging in any hedging or similar transactions with respect to the Securities; or (v) considering, proposing or otherwise engaging in one or more of the actions described in subsections (a) through (j) of Item 4 of Schedule 13D.

For more notable holders of eHealth, Inc. stock click here.

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