Graham Capital Management L.P. Increases Position in Oscar Health, Inc. (NYSE:OSCR)

Graham Capital Management L.P. increased its holdings in shares of Oscar Health, Inc. (NYSE:OSCR - Free Report) by 182.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,077 shares of the company's stock after acquiring an additional 82,673 shares during the period. Graham Capital Management L.P. owned approximately 0.05% of Oscar Health worth $1,721,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Oscar Health by 171.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,627 shares of the company's stock valued at $89,000 after purchasing an additional 4,185 shares during the last quarter. KBC Group NV raised its stake in Oscar Health by 56.1% during the fourth quarter. KBC Group NV now owns 7,107 shares of the company's stock valued at $96,000 after buying an additional 2,555 shares during the last quarter. Alberta Investment Management Corp purchased a new position in Oscar Health during the fourth quarter valued at $138,000. Virtu Financial LLC bought a new stake in Oscar Health in the fourth quarter worth $140,000. Finally, Potentia Wealth purchased a new stake in shares of Oscar Health in the fourth quarter worth $141,000. Institutional investors own 75.70% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company cut shares of Oscar Health from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $20.00 to $16.00 in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Oscar Health has an average rating of "Hold" and an average price target of $20.08.

Oscar Health Stock Performance

NYSE OSCR traded up $0.02 during trading hours on Thursday, hitting $16.56. The company's stock had a trading volume of 5,929,517 shares, compared to its average volume of 4,148,616. Oscar Health, Inc. has a 12 month low of $11.20 and a 12 month high of $23.79. The company's 50 day simple moving average is $13.38 and its two-hundred day simple moving average is $14.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $4.15 billion, a P/E ratio of -827.59 and a beta of 1.75.

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

Insider Buying and Selling at Oscar Health

In other news, Director Elbert O. Jr. Robinson sold 25,000 shares of Oscar Health stock in a transaction on Monday, May 12th. The shares were sold at an average price of $16.43, for a total transaction of $410,750.00. Following the transaction, the director now owns 64,512 shares in the company, valued at $1,059,932.16. This trade represents a 27.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 24.39% of the company's stock.

About Oscar Health

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.