Hennessy Advisors Inc. Has $49.90 Million Stock Holdings in Oscar Health, Inc. (NYSE:OSCR)

Hennessy Advisors Inc. lowered its position in shares of Oscar Health, Inc. (NYSE:OSCR - Free Report) by 9.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,806,200 shares of the company's stock after selling 382,200 shares during the quarter. Oscar Health comprises 1.7% of Hennessy Advisors Inc.'s portfolio, making the stock its 11th largest position. Hennessy Advisors Inc. owned approximately 1.52% of Oscar Health worth $49,899,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of OSCR. Princeton Global Asset Management LLC bought a new position in Oscar Health in the first quarter worth about $59,000. Fiduciary Alliance LLC acquired a new position in shares of Oscar Health during the first quarter valued at $163,000. Rhumbline Advisers grew its position in shares of Oscar Health by 6.0% during the first quarter. Rhumbline Advisers now owns 287,458 shares of the company's stock worth $3,769,000 after acquiring an additional 16,231 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Oscar Health by 2,156.4% in the 1st quarter. GAMMA Investing LLC now owns 6,476 shares of the company's stock worth $85,000 after acquiring an additional 6,189 shares during the period. Finally, California State Teachers Retirement System lifted its position in Oscar Health by 1.2% in the 4th quarter. California State Teachers Retirement System now owns 156,901 shares of the company's stock valued at $2,109,000 after purchasing an additional 1,846 shares during the last quarter. Institutional investors own 75.70% of the company's stock.

Oscar Health Stock Up 7.7%

Oscar Health stock traded up $1.15 during mid-day trading on Tuesday, hitting $16.10. The company's stock had a trading volume of 24,934,543 shares, compared to its average volume of 6,499,104. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.73 and a quick ratio of 0.73. Oscar Health, Inc. has a 52-week low of $11.20 and a 52-week high of $23.79. The firm's 50 day moving average is $14.09 and its 200 day moving average is $14.44. The company has a market cap of $4.10 billion, a PE ratio of -804.65 and a beta of 1.73.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on OSCR shares. Wells Fargo & Company cut Oscar Health from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $20.00 to $16.00 in a research note on Thursday, March 13th. Wall Street Zen cut shares of Oscar Health from a "buy" rating to a "hold" rating in a research report on Sunday, June 8th. Finally, Piper Sandler lowered their price objective on shares of Oscar Health from $25.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, June 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $16.50.

Insider Buying and Selling

In other Oscar Health news, Director Elbert O. Jr. Robinson sold 25,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were 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 $1,059,932.16. The trade was a 27.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 24.39% of the stock is owned by corporate insiders.

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.