PNC Financial Services Group Inc. Has $241,000 Stake in Oscar Health, Inc. (NYSE:OSCR)

PNC Financial Services Group Inc. lifted its position in shares of Oscar Health, Inc. (NYSE:OSCR) by 20.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,896 shares of the company’s stock after acquiring an additional 3,040 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Oscar Health were worth $241,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of OSCR. Victory Capital Management Inc. boosted its holdings in shares of Oscar Health by 42.4% during the 3rd quarter. Victory Capital Management Inc. now owns 58,353 shares of the company’s stock valued at $1,238,000 after acquiring an additional 17,377 shares in the last quarter. KBC Group NV raised its position in Oscar Health by 41.2% during the 3rd quarter. KBC Group NV now owns 4,552 shares of the company’s stock worth $97,000 after purchasing an additional 1,328 shares during the last quarter. Swiss National Bank raised its position in Oscar Health by 17.8% during the 3rd quarter. Swiss National Bank now owns 314,900 shares of the company’s stock worth $6,679,000 after purchasing an additional 47,500 shares during the last quarter. Intech Investment Management LLC bought a new position in Oscar Health during the 3rd quarter worth $1,282,000. Finally, Charles Schwab Investment Management Inc. raised its position in Oscar Health by 20.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,600,166 shares of the company’s stock worth $33,940,000 after purchasing an additional 270,223 shares during the last quarter. Institutional investors and hedge funds own 75.70% of the company’s stock.

Oscar Health Price Performance

OSCR stock opened at $13.06 on Friday. The company has a market capitalization of $3.27 billion, a P/E ratio of -652.42 and a beta of 1.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.73 and a current ratio of 0.73. Oscar Health, Inc. has a 52-week low of $12.43 and a 52-week high of $23.79. The business has a 50-day simple moving average of $15.04 and a two-hundred day simple moving average of $16.21.

Oscar Health (NYSE:OSCR) last announced its earnings results on Tuesday, February 4th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.07). Oscar Health had a return on equity of 2.28% and a net margin of 0.28%. Research analysts expect that Oscar Health, Inc. will post 0.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OSCR has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on Oscar Health in a research report on Tuesday, December 10th. They set an “underperform” rating and a $12.00 target price for the company. Wells Fargo & Company lowered Oscar Health from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $20.00 to $16.00 in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Oscar Health presently has an average rating of “Hold” and a consensus target price of $20.21.

About Oscar Health

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.