Oscar Health, Inc. (NYSE:OSCR) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its holdings in shares of Oscar Health, Inc. (NYSE:OSCR - Free Report) by 47.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 290,217 shares of the company's stock after selling 264,999 shares during the quarter. First Trust Advisors LP owned about 0.12% of Oscar Health worth $3,901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in OSCR. 1492 Capital Management LLC purchased a new position in Oscar Health during the fourth quarter worth approximately $440,000. Canada Pension Plan Investment Board increased its holdings in shares of Oscar Health by 510.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 958,200 shares of the company's stock worth $12,878,000 after buying an additional 801,200 shares during the last quarter. Global Endowment Management LP raised its position in shares of Oscar Health by 11.8% in the 4th quarter. Global Endowment Management LP now owns 38,446 shares of the company's stock worth $517,000 after buying an additional 4,045 shares during the period. NewEdge Advisors LLC boosted its holdings in Oscar Health by 9,811.2% in the fourth quarter. NewEdge Advisors LLC now owns 99,112 shares of the company's stock valued at $1,332,000 after acquiring an additional 98,112 shares during the last quarter. Finally, Jump Financial LLC grew its position in Oscar Health by 57.4% during the fourth quarter. Jump Financial LLC now owns 562,376 shares of the company's stock valued at $7,558,000 after acquiring an additional 204,985 shares during the period. Hedge funds and other institutional investors own 75.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company downgraded Oscar Health from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $20.00 to $16.00 in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Oscar Health currently has a consensus rating of "Hold" and a consensus target price of $20.21.

Oscar Health Stock Up 0.8 %

Shares of NYSE OSCR traded up $0.11 on Tuesday, hitting $13.11. The company had a trading volume of 6,908,626 shares, compared to its average volume of 3,937,997. 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 12-month low of $11.20 and a 12-month high of $23.79. The firm has a market capitalization of $3.28 billion, a P/E ratio of -654.92 and a beta of 1.75. The business has a 50 day moving average of $13.25 and a two-hundred day moving average of $14.62.

Oscar Health (NYSE:OSCR - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported ($0.62) earnings per share for the quarter, missing analysts' consensus estimates of ($0.55) by ($0.07). Oscar Health had a return on equity of 2.28% and a net margin of 0.28%. As a group, equities research analysts forecast that Oscar Health, Inc. will post 0.69 earnings per share for the current fiscal year.

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.