Oscar Health, Inc. (NYSE:OSCR) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in shares of Oscar Health, Inc. (NYSE:OSCR - Free Report) by 3,062.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 976,563 shares of the company's stock after purchasing an additional 945,682 shares during the period. Ameriprise Financial Inc. owned about 0.39% of Oscar Health worth $13,125,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in Oscar Health by 171.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,627 shares of the company's stock worth $89,000 after purchasing an additional 4,185 shares during the period. KBC Group NV increased its stake in Oscar Health by 56.1% during the fourth quarter. KBC Group NV now owns 7,107 shares of the company's stock worth $96,000 after purchasing an additional 2,555 shares during the period. Alberta Investment Management Corp purchased a new stake in Oscar Health during the fourth quarter worth about $138,000. Virtu Financial LLC purchased a new stake in Oscar Health during the fourth quarter worth about $140,000. Finally, Potentia Wealth purchased a new stake in Oscar Health during the fourth quarter worth about $141,000. 75.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OSCR. Wall Street Zen lowered shares of Oscar Health from a "buy" rating to a "hold" rating in a research note on Thursday. Wells Fargo & Company lowered 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 research note on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $20.08.

Insider Activity

In other news, Director Elbert O. Jr. Robinson sold 25,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $16.43, for a total value of $410,750.00. Following the completion of the sale, the director now directly owns 64,512 shares of the company's stock, valued at approximately $1,059,932.16. This represents a 27.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 24.39% of the company's stock.

Oscar Health Stock Down 1.6%

Oscar Health stock traded down $0.23 during mid-day trading on Friday, hitting $14.14. The company had a trading volume of 7,545,626 shares, compared to its average volume of 4,306,536. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of -706.65 and a beta of 1.75. Oscar Health, Inc. has a 1 year low of $11.20 and a 1 year high of $23.79. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $13.66 and a 200 day moving average of $14.58.

Oscar Health (NYSE:OSCR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.83 by $0.09. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.87 billion. Oscar Health had a net margin of 0.28% and a return on equity of 2.28%. The firm's revenue was up 42.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 earnings per share. On average, sell-side analysts expect that Oscar Health, Inc. will post 0.69 earnings per share for the current fiscal 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.