Geode Capital Management LLC Has $60.07 Million Position in Oscar Health, Inc. (NYSE:OSCR)

Geode Capital Management LLC increased its stake in shares of Oscar Health, Inc. (NYSE:OSCR - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,468,098 shares of the company's stock after purchasing an additional 128,458 shares during the quarter. Geode Capital Management LLC owned approximately 1.81% of Oscar Health worth $60,065,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in OSCR. State Street Corp raised its holdings in shares of Oscar Health by 6.0% during the 3rd quarter. State Street Corp now owns 5,132,802 shares of the company's stock valued at $108,867,000 after purchasing an additional 291,335 shares in the last quarter. Lingotto Investment Management LLP acquired a new stake in Oscar Health during the fourth quarter worth $2,543,000. GDS Wealth Management raised its stake in shares of Oscar Health by 1,545.3% in the 4th quarter. GDS Wealth Management now owns 345,817 shares of the company's stock valued at $4,648,000 after buying an additional 324,798 shares in the last quarter. Victory Capital Management Inc. increased its stake in Oscar Health by 296.0% in the fourth quarter. Victory Capital Management Inc. now owns 231,059 shares of the company's stock valued at $3,105,000 after acquiring an additional 172,706 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Oscar Health during the fourth quarter worth about $5,672,000. Institutional investors own 75.70% of the company's stock.

Oscar Health Stock Down 2.8 %

Shares of OSCR traded down $0.34 during mid-day trading on Friday, hitting $12.01. 2,776,570 shares of the company's stock were exchanged, compared to its average volume of 3,873,135. The company has a market cap of $3.01 billion, a PE ratio of -600.05 and a beta of 1.75. Oscar Health, Inc. has a 52 week low of $11.47 and a 52 week high of $23.79. The company has a 50-day simple moving average of $13.80 and a 200 day simple moving average of $15.15. 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 (NYSE:OSCR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($0.62) earnings per share 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%. On average, research analysts forecast that Oscar Health, Inc. will post 0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Oscar Health Company 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.