Oscar Health, Inc. (NYSE:OSCR) Shares Sold by First Light Asset Management LLC

First Light Asset Management LLC reduced its stake in Oscar Health, Inc. (NYSE:OSCR - Free Report) by 69.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 546,822 shares of the company's stock after selling 1,219,070 shares during the period. First Light Asset Management LLC owned approximately 0.22% of Oscar Health worth $7,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of OSCR. Vanguard Group Inc. raised its stake in Oscar Health by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 18,997,973 shares of the company's stock valued at $255,333,000 after acquiring an additional 586,626 shares during the period. JPMorgan Chase & Co. raised its position in Oscar Health by 348.7% in the fourth quarter. JPMorgan Chase & Co. now owns 10,360,529 shares of the company's stock valued at $139,246,000 after purchasing an additional 8,051,379 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its holdings in Oscar Health by 51.4% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 6,335,862 shares of the company's stock valued at $85,154,000 after acquiring an additional 2,151,256 shares during the last quarter. BIT Capital GmbH increased its position in shares of Oscar Health by 5,711.6% during the fourth quarter. BIT Capital GmbH now owns 4,473,853 shares of the company's stock worth $60,129,000 after buying an additional 4,396,872 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Oscar Health by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 4,468,098 shares of the company's stock worth $60,065,000 after buying an additional 128,458 shares during the period. 75.70% of the stock is currently owned by institutional investors.

Oscar Health Stock Performance

NYSE:OSCR traded down $0.19 on Wednesday, hitting $12.96. The stock had a trading volume of 4,897,835 shares, compared to its average volume of 3,914,712. The business's 50-day simple moving average is $13.40 and its two-hundred day simple moving average is $14.74. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.26. Oscar Health, Inc. has a 52-week low of $11.20 and a 52-week high of $23.79. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of -647.68 and a beta of 1.75.

Oscar Health (NYSE:OSCR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported ($0.62) earnings per share (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%. As a group, research analysts predict that Oscar Health, Inc. will post 0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, 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 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 given a strong buy rating to the company. According to data from MarketBeat, Oscar Health presently has a consensus rating of "Hold" and a consensus target price of $20.21.

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.