Oscar Health, Inc. (NYSE:OSCR) Position Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in shares of Oscar Health, Inc. (NYSE:OSCR) by 94.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,513 shares of the company’s stock after acquiring an additional 19,227 shares during the period. Teacher Retirement System of Texas’ holdings in Oscar Health were worth $531,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of OSCR. State Street Corp raised its position in shares of Oscar Health by 6.0% during the 3rd quarter. State Street Corp now owns 5,132,802 shares of the company’s stock valued at $108,867,000 after acquiring an additional 291,335 shares in the last quarter. Geode Capital Management LLC increased its stake in Oscar Health by 11.7% during the third quarter. Geode Capital Management LLC now owns 4,339,640 shares of the company’s stock valued at $92,062,000 after purchasing an additional 455,205 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in shares of Oscar Health by 550.3% during the fourth quarter. Hennessy Advisors Inc. now owns 4,188,400 shares of the company’s stock worth $56,292,000 after purchasing an additional 3,544,300 shares during the period. Glynn Capital Management LLC lifted its position in shares of Oscar Health by 42.7% in the 4th quarter. Glynn Capital Management LLC now owns 2,733,237 shares of the company’s stock worth $36,735,000 after buying an additional 817,518 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Oscar Health by 68.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,309,150 shares of the company’s stock valued at $48,977,000 after buying an additional 938,742 shares during the last quarter. Institutional investors own 75.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Oscar Health Stock Down 1.2 %

OSCR opened at $13.14 on Tuesday. The stock’s 50 day moving average price is $14.85 and its 200 day moving average price is $16.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $3.29 billion, a P/E ratio of -656.42 and a beta of 1.75. Oscar Health, Inc. has a 12 month low of $12.43 and a 12 month high of $23.79.

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

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.