Oscar Health, Inc. $OSCR Stock Holdings Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in Oscar Health, Inc. (NYSE:OSCR) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,113 shares of the company’s stock after purchasing an additional 632 shares during the quarter. Hsbc Holdings PLC’s holdings in Oscar Health were worth $313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Oscar Health by 3.7% in the first quarter. Vanguard Group Inc. now owns 19,698,442 shares of the company’s stock valued at $258,247,000 after purchasing an additional 700,469 shares in the last quarter. Deerfield Management Company L.P. Series C grew its stake in Oscar Health by 50.7% in the fourth quarter. Deerfield Management Company L.P. Series C now owns 11,835,000 shares of the company’s stock valued at $159,062,000 after purchasing an additional 3,983,325 shares in the last quarter. Thrive Capital Management LLC grew its stake in Oscar Health by 33.4% in the fourth quarter. Thrive Capital Management LLC now owns 6,343,617 shares of the company’s stock valued at $85,258,000 after purchasing an additional 1,588,395 shares in the last quarter. BIT Capital GmbH grew its stake in Oscar Health by 1.1% in the first quarter. BIT Capital GmbH now owns 4,521,445 shares of the company’s stock valued at $59,276,000 after purchasing an additional 47,592 shares in the last quarter. Finally, Southeastern Asset Management Inc. TN boosted its holdings in Oscar Health by 52.2% in the fourth quarter. Southeastern Asset Management Inc. TN now owns 3,131,084 shares of the company’s stock worth $42,082,000 after purchasing an additional 1,073,359 shares in the last quarter. Hedge funds and other institutional investors own 75.70% of the company’s stock.

Oscar Health Price Performance

NYSE OSCR opened at $17.67 on Thursday. Oscar Health, Inc. has a twelve month low of $11.20 and a twelve month high of $23.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $4.57 billion, a PE ratio of -21.81 and a beta of 1.87. The stock has a 50-day simple moving average of $15.85 and a 200 day simple moving average of $14.95.

Oscar Health (NYSE:OSCR) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.89) EPS for the quarter, beating the consensus estimate of ($0.90) by $0.01. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Oscar Health had a negative return on equity of 13.78% and a negative net margin of 1.50%.The company’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 EPS. Research analysts anticipate that Oscar Health, Inc. will post 0.69 EPS for the current year.

Wall Street Analyst Weigh In

OSCR has been the subject of several recent analyst reports. Piper Sandler decreased their price target on Oscar Health from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Raymond James Financial downgraded Oscar Health from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 24th. Barclays decreased their price target on Oscar Health from $17.00 to $11.00 and set an “underweight” rating for the company in a research note on Wednesday, July 23rd. Baird R W downgraded Oscar Health from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Finally, Wall Street Zen downgraded Oscar Health from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Four research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Oscar Health currently has an average rating of “Strong Sell” and an average price target of $12.07.

Oscar Health 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.