Southeastern Asset Management Inc. TN Raises Stock Position in Oscar Health, Inc. (NYSE:OSCR)

Southeastern Asset Management Inc. TN raised its stake in Oscar Health, Inc. (NYSE:OSCR - Free Report) by 52.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,131,084 shares of the company's stock after buying an additional 1,073,359 shares during the period. Oscar Health makes up approximately 2.0% of Southeastern Asset Management Inc. TN's holdings, making the stock its 20th largest holding. Southeastern Asset Management Inc. TN owned about 1.27% of Oscar Health worth $42,082,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. increased its holdings in Oscar Health by 5.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 20,838 shares of the company's stock valued at $280,000 after buying an additional 1,141 shares in the last quarter. Arizona State Retirement System increased its holdings in Oscar Health by 3.1% in the fourth quarter. Arizona State Retirement System now owns 47,918 shares of the company's stock valued at $644,000 after buying an additional 1,454 shares in the last quarter. Xponance Inc. increased its holdings in Oscar Health by 12.9% in the fourth quarter. Xponance Inc. now owns 14,394 shares of the company's stock valued at $193,000 after buying an additional 1,649 shares in the last quarter. KBC Group NV increased its holdings in Oscar Health by 56.1% in 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 in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Oscar Health by 1.1% in the fourth quarter. Alliancebernstein L.P. now owns 243,160 shares of the company's stock valued at $3,268,000 after buying an additional 2,600 shares in the last quarter. 75.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wells Fargo & Company cut shares of Oscar Health from an "overweight" rating to an "equal weight" rating and dropped their price objective 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, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.08.

Oscar Health Trading Up 0.1%

Shares of OSCR opened at $16.56 on Friday. 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 firm has a 50 day simple moving average of $13.40 and a 200-day simple moving average of $14.65. Oscar Health, Inc. has a 1-year low of $11.20 and a 1-year high of $23.79. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of -827.59 and a beta of 1.75.

Oscar Health (NYSE:OSCR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.92 earnings per share 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 business had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.87 billion. During the same period last year, the company posted $0.62 EPS. The company's revenue was up 42.2% on a year-over-year basis. Equities analysts forecast that Oscar Health, Inc. will post 0.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other Oscar Health news, Director Elbert O. Jr. Robinson sold 25,000 shares of Oscar Health stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $16.43, for a total value of $410,750.00. Following the completion of the sale, the director now directly owns 64,512 shares of the company's stock, valued at approximately $1,059,932.16. The trade was a 27.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 24.39% of the stock is owned by corporate insiders.

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.

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