Deutsche Bank AG Boosts Stock Position in Oscar Health, Inc. (NYSE:OSCR)

Deutsche Bank AG boosted its holdings in Oscar Health, Inc. (NYSE:OSCR - Free Report) by 51.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,127 shares of the company's stock after purchasing an additional 58,282 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of Oscar Health worth $2,313,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its holdings in shares of Oscar Health by 171.4% in 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 last quarter. KBC Group NV increased its stake in Oscar Health by 56.1% in the 4th quarter. KBC Group NV now owns 7,107 shares of the company's stock worth $96,000 after acquiring an additional 2,555 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Oscar Health during the 4th quarter worth approximately $138,000. Virtu Financial LLC purchased a new stake in shares of Oscar Health during the 4th quarter worth approximately $140,000. Finally, Potentia Wealth bought a new position in shares of Oscar Health during the 4th quarter valued at approximately $141,000. 75.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Elbert O. Jr. Robinson sold 25,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $16.43, for a total transaction of $410,750.00. Following the completion of the transaction, the director now owns 64,512 shares in the company, valued at $1,059,932.16. The trade was a 27.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 24.39% of the company's stock.

Oscar Health Trading Down 5.4%

OSCR stock traded down $0.81 during mid-day trading on Wednesday, reaching $14.20. 3,669,004 shares of the stock traded hands, compared to its average volume of 5,428,141. Oscar Health, Inc. has a one year low of $11.20 and a one year high of $23.79. The stock has a market capitalization of $3.56 billion, a PE ratio of -709.85 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. The business has a 50-day moving average price of $13.73 and a two-hundred day moving average price of $14.59.

Oscar Health (NYSE:OSCR - Get Free Report) last issued 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 EPS. Equities research analysts expect that Oscar Health, Inc. will post 0.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on OSCR shares. Wall Street Zen cut shares of Oscar Health from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Wells Fargo & Company cut shares of Oscar Health from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $20.00 to $16.00 in a research note on Thursday, March 13th. Two equities 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.08.

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.