Oscar Health, Inc. (NYSE:OSCR) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in Oscar Health, Inc. (NYSE:OSCR) by 296.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 231,059 shares of the company’s stock after purchasing an additional 172,706 shares during the quarter. Victory Capital Management Inc. owned 0.09% of Oscar Health worth $3,105,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in Oscar Health by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,654,862 shares of the company’s stock worth $22,241,000 after purchasing an additional 54,696 shares during the period. Lingotto Investment Management LLP acquired a new position in Oscar Health in the 4th quarter worth about $2,543,000. Handelsbanken Fonder AB raised its holdings in Oscar Health by 148.3% in the 4th quarter. Handelsbanken Fonder AB now owns 29,800 shares of the company’s stock worth $401,000 after purchasing an additional 17,800 shares during the period. Ieq Capital LLC acquired a new position in Oscar Health in the 4th quarter worth about $203,000. Finally, Alberta Investment Management Corp acquired a new position in Oscar Health in the 4th quarter worth about $138,000. Institutional investors and hedge funds own 75.70% of the company’s stock.

Oscar Health Price Performance

NYSE:OSCR opened at $13.23 on Monday. Oscar Health, Inc. has a one year low of $12.43 and a one year high of $23.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market cap of $3.31 billion, a PE ratio of -660.92 and a beta of 1.75. The stock has a 50 day moving average price of $15.21 and a 200 day moving average price of $16.38.

Oscar Health (NYSE:OSCR) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.07). Oscar Health had a net margin of 0.28% and a return on equity of 2.28%. Equities 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 a number of analyst reports. Jefferies Financial Group initiated coverage on Oscar Health in a report on Tuesday, December 10th. They issued an “underperform” rating and a $12.00 price target for the company. Wells Fargo & Company cut Oscar Health from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $20.00 to $16.00 in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.19.

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.