Oscar Health, Inc. (NYSE:OSCR) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its position in Oscar Health, Inc. (NYSE:OSCRFree Report) by 0.3% during the third quarter, HoldingsChannel.com reports. The fund owned 880,255 shares of the company’s stock after selling 2,751 shares during the quarter. American Century Companies Inc.’s holdings in Oscar Health were worth $4,903,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Oscar Health by 19.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,125,355 shares of the company’s stock valued at $6,268,000 after buying an additional 182,206 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in Oscar Health in the 3rd quarter valued at approximately $894,000. Versor Investments LP purchased a new stake in Oscar Health in the 3rd quarter valued at approximately $553,000. Dark Forest Capital Management LP purchased a new stake in Oscar Health in the 3rd quarter valued at approximately $581,000. Finally, Algert Global LLC lifted its stake in Oscar Health by 160.1% in the 3rd quarter. Algert Global LLC now owns 147,567 shares of the company’s stock valued at $822,000 after buying an additional 90,840 shares in the last quarter. Institutional investors and hedge funds own 75.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on OSCR. TheStreet raised Oscar Health from a “d” rating to a “c-” rating in a research note on Wednesday, February 21st. Wells Fargo & Company raised their target price on Oscar Health from $12.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Raymond James initiated coverage on Oscar Health in a research note on Friday, March 22nd. They set an “outperform” rating and a $20.00 target price for the company. Finally, The Goldman Sachs Group lifted their price target on Oscar Health from $8.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.50.

Get Our Latest Stock Analysis on OSCR

Oscar Health Price Performance

NYSE OSCR opened at $14.22 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $3.27 billion, a PE ratio of -11.85 and a beta of 1.82. Oscar Health, Inc. has a 12 month low of $4.72 and a 12 month high of $18.55. The company’s 50 day simple moving average is $14.59 and its 200 day simple moving average is $9.79.

Oscar Health (NYSE:OSCRGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported ($0.66) earnings per share for the quarter, topping the consensus estimate of ($0.74) by $0.08. Oscar Health had a negative net margin of 4.62% and a negative return on equity of 29.99%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the company posted ($1.05) EPS. The company’s quarterly revenue was up 43.9% compared to the same quarter last year. As a group, equities research analysts forecast that Oscar Health, Inc. will post -0.23 EPS for the current fiscal year.

About Oscar Health

(Free Report)

Oscar Health, Inc operates as a health insurance in the United States. The company offers health plans in individual and small group markets, as well as +Oscar, a technology driven platform that help providers and payors directly enable their shift to value-based care. It also provides reinsurance products.

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Institutional Ownership by Quarter for Oscar Health (NYSE:OSCR)

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