Scion Asset Management LLC Invests $2.69 Million in Oscar Health, Inc. (NYSE:OSCR)

Scion Asset Management LLC purchased a new stake in Oscar Health, Inc. (NYSE:OSCR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 200,000 shares of the company's stock, valued at approximately $2,688,000. Oscar Health makes up about 3.5% of Scion Asset Management LLC's portfolio, making the stock its 11th biggest position. Scion Asset Management LLC owned approximately 0.08% of Oscar Health as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in OSCR. Tower Research Capital LLC TRC raised 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 worth $89,000 after acquiring an additional 4,185 shares in the last quarter. KBC Group NV grew its position in Oscar Health by 56.1% in the 4th quarter. KBC Group NV now owns 7,107 shares of the company's stock worth $96,000 after purchasing an additional 2,555 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in Oscar Health during the fourth quarter worth $138,000. Virtu Financial LLC bought a new stake in shares of Oscar Health in the 4th quarter valued at approximately $140,000. Finally, Potentia Wealth acquired a new position in Oscar Health during the fourth quarter worth $141,000. 75.70% of the stock is owned by institutional investors and hedge funds.

Oscar Health Price Performance

NYSE:OSCR traded down $0.25 during trading hours on Thursday, hitting $14.62. The company's stock had a trading volume of 5,162,392 shares, compared to its average volume of 4,274,371. The stock has a fifty day simple moving average of $13.61 and a 200-day simple moving average of $14.64. Oscar Health, Inc. has a twelve month low of $11.20 and a twelve month high of $23.79. 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 capitalization of $3.66 billion, a P/E ratio of -731.88 and a beta of 1.75.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OSCR shares. Wall Street Zen cut Oscar Health from a "buy" rating to a "hold" rating in a report on Thursday. Wells Fargo & Company lowered Oscar Health from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $20.00 to $16.00 in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.08.

Insider Activity at Oscar Health

In other Oscar Health news, Director Elbert O. Jr. Robinson sold 25,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $16.43, for a total transaction of $410,750.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 24.39% of the stock is owned by insiders.

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.