Southeastern Asset Management Inc. TN Purchases 1,073,359 Shares of Oscar Health, Inc. (NYSE:OSCR)

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

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

Oscar Health Price Performance

OSCR stock traded down $1.47 during midday trading on Wednesday, reaching $15.01. The company had a trading volume of 8,692,166 shares, compared to its average volume of 4,247,239. The firm has a 50-day moving average price of $13.58 and a 200-day moving average price of $14.64. The company has a market capitalization of $3.76 billion, a P/E ratio of -747.48 and a beta of 1.75. Oscar Health, Inc. has a 1 year low of $11.20 and a 1 year 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.

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 company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.87 billion. Oscar Health had a net margin of 0.28% and a return on equity of 2.28%. The firm's quarterly revenue was up 42.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. On average, research analysts anticipate that Oscar Health, Inc. will post 0.69 earnings per share for the current fiscal year.

Insider Transactions at Oscar Health

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 transaction of $410,750.00. Following the transaction, the director now directly owns 64,512 shares of the company's stock, valued at approximately $1,059,932.16. This trade represents a 27.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 24.39% 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 reduced their price objective for the company from $20.00 to $16.00 in a research note on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $20.08.

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.