Arizona State Retirement System Grows Stock Holdings in Oak Street Health, Inc. (NYSE:OSH)

Arizona State Retirement System lifted its position in shares of Oak Street Health, Inc. (NYSE:OSHGet Rating) by 11.7% during the first quarter, Holdings Channel reports. The institutional investor owned 29,307 shares of the company’s stock after purchasing an additional 3,075 shares during the period. Arizona State Retirement System’s holdings in Oak Street Health were worth $788,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of OSH. State of New Jersey Common Pension Fund D increased its holdings in Oak Street Health by 112.4% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 164,210 shares of the company’s stock valued at $4,414,000 after acquiring an additional 86,901 shares during the last quarter. FDx Advisors Inc. bought a new stake in Oak Street Health in the 1st quarter valued at $363,000. SG Americas Securities LLC increased its holdings in Oak Street Health by 59.9% in the 1st quarter. SG Americas Securities LLC now owns 15,610 shares of the company’s stock valued at $420,000 after acquiring an additional 5,850 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Oak Street Health by 12.9% in the 1st quarter. Park Avenue Securities LLC now owns 11,145 shares of the company’s stock valued at $300,000 after acquiring an additional 1,273 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in Oak Street Health in the 1st quarter valued at $766,000. Hedge funds and other institutional investors own 91.42% of the company’s stock.

Oak Street Health Price Performance

Shares of OSH stock opened at $30.11 on Wednesday. The company has a debt-to-equity ratio of 16.10, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $7.26 billion, a P/E ratio of -15.21 and a beta of 3.04. The company’s 50-day simple moving average is $20.86 and its two-hundred day simple moving average is $20.51. Oak Street Health, Inc. has a one year low of $13.29 and a one year high of $65.22.

Oak Street Health (NYSE:OSHGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.04). The company had revenue of $513.80 million during the quarter, compared to the consensus estimate of $506.82 million. Oak Street Health had a negative return on equity of 413.94% and a negative net margin of 26.82%. Oak Street Health’s revenue was up 73.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.29) earnings per share. As a group, equities analysts anticipate that Oak Street Health, Inc. will post -2.18 EPS for the current year.

Insiders Place Their Bets

In other Oak Street Health news, insider Geoffrey M. Price sold 96,568 shares of the company’s stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $18.56, for a total value of $1,792,302.08. Following the transaction, the insider now directly owns 1,796,702 shares in the company, valued at approximately $33,346,789.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Oak Street Health news, insider Geoffrey M. Price sold 96,568 shares of the company’s stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $18.56, for a total value of $1,792,302.08. Following the transaction, the insider now directly owns 1,796,702 shares in the company, valued at approximately $33,346,789.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Griffin Myers sold 200,000 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $28.63, for a total transaction of $5,726,000.00. Following the transaction, the insider now owns 5,054,159 shares in the company, valued at $144,700,572.17. The disclosure for this sale can be found here. Insiders have sold 669,368 shares of company stock worth $15,493,650 in the last three months. Corporate insiders own 11.40% of the company’s stock.

Analyst Upgrades and Downgrades

OSH has been the topic of a number of research reports. Sanford C. Bernstein initiated coverage on shares of Oak Street Health in a report on Thursday, May 26th. They issued an “outperform” rating and a $26.00 price target on the stock. UBS Group started coverage on shares of Oak Street Health in a report on Wednesday, April 20th. They issued a “neutral” rating and a $26.00 target price on the stock. Argus started coverage on shares of Oak Street Health in a report on Tuesday, July 26th. They issued a “hold” rating on the stock. Barclays boosted their target price on shares of Oak Street Health from $27.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, April 19th. Finally, Bank of America downgraded shares of Oak Street Health from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $26.00 to $18.00 in a report on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.81.

Oak Street Health Company Profile

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Oak Street Health, Inc, together with its subsidiaries, offers healthcare services to the patients in the United States. The company operates primary care centers for Medicare beneficiaries. As of December 31, 2021, it operated 129 centers in 19 states, including Illinois, Michigan, Pennsylvania, Ohio, and Texas.

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Institutional Ownership by Quarter for Oak Street Health (NYSE:OSH)

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