State of New Jersey Common Pension Fund D Sells 42,649 Shares of Oak Street Health, Inc. (NYSE:OSH)

State of New Jersey Common Pension Fund D trimmed its position in Oak Street Health, Inc. (NYSE:OSHGet Rating) by 33.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 84,121 shares of the company’s stock after selling 42,649 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Oak Street Health were worth $2,063,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in OSH. Capital Research Global Investors boosted its stake in Oak Street Health by 61.0% in the first quarter. Capital Research Global Investors now owns 11,852,080 shares of the company’s stock valued at $318,584,000 after acquiring an additional 4,491,941 shares during the last quarter. Vanguard Group Inc. boosted its stake in Oak Street Health by 1.8% in the first quarter. Vanguard Group Inc. now owns 10,238,348 shares of the company’s stock valued at $275,207,000 after acquiring an additional 181,216 shares during the last quarter. Eminence Capital LP boosted its stake in Oak Street Health by 32.7% in the second quarter. Eminence Capital LP now owns 3,615,541 shares of the company’s stock valued at $59,439,000 after acquiring an additional 891,114 shares during the last quarter. Riverbridge Partners LLC boosted its stake in Oak Street Health by 8.1% in the third quarter. Riverbridge Partners LLC now owns 2,728,744 shares of the company’s stock valued at $66,909,000 after acquiring an additional 203,576 shares during the last quarter. Finally, MFN Partners Management LP boosted its stake in Oak Street Health by 259.3% in the second quarter. MFN Partners Management LP now owns 2,335,329 shares of the company’s stock valued at $38,393,000 after acquiring an additional 1,685,329 shares during the last quarter. 92.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OSH shares. Morgan Stanley upgraded shares of Oak Street Health from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 14th. Canaccord Genuity Group dropped their price target on shares of Oak Street Health from $32.00 to $27.00 in a research note on Wednesday, November 9th. Raymond James upgraded shares of Oak Street Health from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research note on Thursday, January 12th. SVB Leerink upped their price target on shares of Oak Street Health from $23.00 to $33.00 and gave the company a “market perform” rating in a research note on Tuesday, January 10th. Finally, UBS Group dropped their price target on shares of Oak Street Health from $28.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Oak Street Health has a consensus rating of “Hold” and a consensus price target of $31.07.

Oak Street Health Stock Performance

OSH stock opened at $28.61 on Thursday. Oak Street Health, Inc. has a 52 week low of $13.29 and a 52 week high of $30.89. The firm’s fifty day moving average is $22.04 and its 200 day moving average is $23.81. The firm has a market cap of $6.95 billion, a P/E ratio of -12.64 and a beta of 2.18.

Oak Street Health (NYSE:OSHGet Rating) last released its earnings results on Monday, November 7th. The company reported ($0.56) EPS for the quarter, beating the consensus estimate of ($0.63) by $0.07. Oak Street Health had a negative net margin of 26.04% and a negative return on equity of 1,883.59%. The company had revenue of $545.70 million for the quarter, compared to analyst estimates of $540.28 million. As a group, analysts forecast that Oak Street Health, Inc. will post -2.26 EPS for the current year.

Insider Activity at Oak Street Health

In related news, COO Brian Clem sold 6,601 shares of the stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $30.02, for a total transaction of $198,162.02. Following the transaction, the chief operating officer now owns 489,577 shares of the company’s stock, valued at approximately $14,697,101.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Oak Street Health news, insider Geoffrey M. Price sold 50,000 shares of the stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $29.74, for a total transaction of $1,487,000.00. Following the completion of the sale, the insider now owns 3,824,863 shares of the company’s stock, valued at approximately $113,751,425.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Brian Clem sold 6,601 shares of the stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $30.02, for a total transaction of $198,162.02. Following the sale, the chief operating officer now directly owns 489,577 shares of the company’s stock, valued at approximately $14,697,101.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,170 shares of company stock valued at $2,524,655. Insiders own 11.40% of the company’s stock.

Oak Street Health 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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