Oscar Health, Inc. $OSCR Shares Acquired by Annex Advisory Services LLC

Annex Advisory Services LLC lifted its holdings in shares of Oscar Health, Inc. (NYSE:OSCR) by 51.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,436 shares of the company’s stock after buying an additional 35,376 shares during the quarter. Annex Advisory Services LLC’s holdings in Oscar Health were worth $1,501,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in OSCR. Farther Finance Advisors LLC raised its stake in shares of Oscar Health by 4,420.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,311 shares of the company’s stock worth $25,000 after buying an additional 1,282 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Oscar Health by 7,473.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,272 shares of the company’s stock worth $30,000 after buying an additional 2,242 shares during the period. Strs Ohio acquired a new position in shares of Oscar Health during the 1st quarter worth approximately $30,000. Quarry LP increased its position in shares of Oscar Health by 439.8% during the third quarter. Quarry LP now owns 1,803 shares of the company’s stock worth $34,000 after purchasing an additional 1,469 shares in the last quarter. Finally, Tsfg LLC purchased a new stake in shares of Oscar Health during the third quarter worth approximately $38,000. 75.70% of the stock is owned by institutional investors and hedge funds.

Oscar Health Stock Up 1.9%

Shares of NYSE:OSCR opened at $15.59 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $13.21 and a two-hundred day moving average of $15.62. The stock has a market cap of $4.64 billion, a P/E ratio of -8.96 and a beta of 1.93. Oscar Health, Inc. has a 52-week low of $10.69 and a 52-week high of $23.80.

Oscar Health (NYSE:OSCR) last issued its earnings results on Tuesday, February 10th. The company reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Oscar Health had a negative net margin of 3.79% and a negative return on equity of 39.35%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.62) earnings per share. On average, research analysts expect that Oscar Health, Inc. will post 0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on OSCR. Raymond James Financial upgraded Oscar Health from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a research report on Thursday, February 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Oscar Health in a research report on Thursday, January 22nd. UBS Group reiterated a “neutral” rating and set a $15.00 price target on shares of Oscar Health in a research report on Wednesday, February 11th. Wall Street Zen upgraded Oscar Health from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Barclays set a $18.00 price target on Oscar Health and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.88.

Insider Transactions at Oscar Health

In related news, CEO Mark T. Bertolini bought 1,000,000 shares of the company’s stock in a transaction on Monday, April 6th. The stock was bought at an average cost of $11.92 per share, for a total transaction of $11,920,000.00. Following the acquisition, the chief executive officer directly owned 10,196,876 shares in the company, valued at $121,546,761.92. This represents a 10.87% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 24.39% of the stock is currently owned by insiders.

About Oscar Health

Oscar Health, trading on the New York Stock Exchange under the ticker OSCR, is a technology-driven health insurance company headquartered in New York, New York. Founded in 2012 by Mario Schlosser, Joshua Kushner and Kevin Nazemi, the company was built with the goal of simplifying healthcare coverage and enhancing member experience. Oscar leverages a proprietary digital platform to streamline plan enrollment, claims administration and member support, distinguishing itself in the individual, family and small group insurance markets.

The company’s primary products include on-exchange individual and family medical plans under the Affordable Care Act, off-exchange plans, as well as Medicare Advantage offerings.