Victory Capital Management Inc. Increases Stock Position in Oscar Health, Inc. (NYSE:OSCR)

Victory Capital Management Inc. increased its holdings in Oscar Health, Inc. (NYSE:OSCR) by 23.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 285,997 shares of the company’s stock after acquiring an additional 54,938 shares during the quarter. Victory Capital Management Inc. owned approximately 0.11% of Oscar Health worth $3,749,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OSCR. Xponance Inc. raised its stake in Oscar Health by 12.9% during the 4th quarter. Xponance Inc. now owns 14,394 shares of the company’s stock valued at $193,000 after acquiring an additional 1,649 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Oscar Health by 94.8% in the fourth quarter. Teacher Retirement System of Texas now owns 39,513 shares of the company’s stock valued at $531,000 after purchasing an additional 19,227 shares during the period. Virtu Financial LLC acquired a new position in shares of Oscar Health in the fourth quarter valued at approximately $140,000. American Century Companies Inc. raised its stake in shares of Oscar Health by 185.6% during the fourth quarter. American Century Companies Inc. now owns 1,285,204 shares of the company’s stock worth $17,273,000 after purchasing an additional 835,144 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Oscar Health by 357.7% during the fourth quarter. Sei Investments Co. now owns 157,065 shares of the company’s stock worth $2,111,000 after purchasing an additional 122,752 shares during the period. Hedge funds and other institutional investors own 75.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Baird R W lowered Oscar Health from a “strong-buy” rating to a “hold” rating in a report on Friday. UBS Group restated a “sell” rating and set a $11.00 target price (down from $15.00) on shares of Oscar Health in a research report on Tuesday, July 15th. Raymond James Financial cut shares of Oscar Health from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 24th. Barclays reduced their price objective on shares of Oscar Health from $17.00 to $11.00 and set an “underweight” rating for the company in a research note on Wednesday, July 23rd. Finally, Piper Sandler lowered shares of Oscar Health from an “overweight” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research report on Monday, July 14th. Five equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.21.

Oscar Health Trading Up 1.7%

Shares of OSCR opened at $14.45 on Monday. Oscar Health, Inc. has a twelve month low of $11.20 and a twelve month high of $23.79. The firm has a market capitalization of $3.68 billion, a P/E ratio of 51.59 and a beta of 1.90. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $15.99 and its 200 day simple moving average is $14.92.

Oscar Health (NYSE:OSCR) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. Oscar Health had a net margin of 1.22% and a return on equity of 10.59%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the company posted $0.62 earnings per share. Oscar Health’s revenue was up 42.2% compared to the same quarter last year. On average, equities research analysts forecast that Oscar Health, Inc. will post 0.69 earnings per share for the current year.

Insider Transactions at Oscar Health

In other Oscar Health news, Director Elbert O. Jr. Robinson sold 25,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $16.43, for a total value of $410,750.00. Following the transaction, the director owned 64,512 shares in the company, valued at $1,059,932.16. The trade was a 27.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 25.11% of the stock is owned by company insiders.

Oscar Health Company Profile

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.