Oscar Health, Inc. $OSCR Shares Purchased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its holdings in Oscar Health by 50.0%, acquiring 642,057 shares and owning a total of 1,927,261 shares worth approximately $25.3 million.
• Several other institutional investors have also raised their stakes in Oscar Health, contributing to a total institutional ownership of 75.70% of the company's stock.
• Wall Street analysts have downgraded Oscar Health's stock ratings, with an average rating of "Strong Sell" and a revised consensus price target of $12.07.

American Century Companies Inc. increased its position in shares of Oscar Health, Inc. (NYSE:OSCR - Free Report) by 50.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,927,261 shares of the company's stock after acquiring an additional 642,057 shares during the quarter. American Century Companies Inc. owned approximately 0.77% of Oscar Health worth $25,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Tempus Wealth Planning LLC raised its holdings in Oscar Health by 6.7% in the 1st quarter. Tempus Wealth Planning LLC now owns 14,392 shares of the company's stock valued at $189,000 after buying an additional 906 shares during the period. Xponance Inc. raised its holdings in Oscar Health by 7.1% in the 1st quarter. Xponance Inc. now owns 15,423 shares of the company's stock valued at $202,000 after buying an additional 1,029 shares during the period. CWM LLC raised its holdings in Oscar Health by 50.7% in the 1st quarter. CWM LLC now owns 3,204 shares of the company's stock valued at $42,000 after buying an additional 1,078 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Oscar Health by 4.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 28,362 shares of the company's stock valued at $372,000 after buying an additional 1,250 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Oscar Health by 15.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,862 shares of the company's stock valued at $186,000 after buying an additional 1,834 shares during the period. Institutional investors and hedge funds own 75.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Raymond James Financial lowered shares of Oscar Health from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. Barclays cut their target price on shares of Oscar Health from $17.00 to $11.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of Oscar Health from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. UBS Group restated a "sell" rating and set a $11.00 target price (down from $15.00) on shares of Oscar Health in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company lowered shares of Oscar Health from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $16.00 to $10.00 in a research note on Friday, July 11th. Four investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Strong Sell" and a consensus target price of $12.07.

Oscar Health Stock Performance

NYSE OSCR traded down $0.08 during trading hours on Monday, hitting $16.72. The company had a trading volume of 18,647,209 shares, compared to its average volume of 19,934,982. The company has a market cap of $4.32 billion, a PE ratio of -20.64 and a beta of 1.86. Oscar Health, Inc. has a 1-year low of $11.20 and a 1-year high of $23.79. The business has a 50 day moving average of $16.16 and a 200-day moving average of $14.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 0.86.

Oscar Health (NYSE:OSCR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.89) earnings per share for the quarter, beating the consensus estimate of ($0.90) by $0.01. Oscar Health had a negative return on equity of 13.78% and a negative net margin of 1.50%.The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the prior year, the company earned $0.20 earnings per share. The company's revenue was up 29.0% compared to the same quarter last year. As a group, equities research analysts expect that Oscar Health, Inc. will post 0.69 EPS for the current year.

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.