Victory Capital Management Inc. Raises Holdings in Oscar Health, Inc. (NYSE:OSCR)

Victory Capital Management Inc. increased its holdings in Oscar Health, Inc. (NYSE:OSCR) by 296.0% in the 4th quarter, HoldingsChannel reports. The fund owned 231,059 shares of the company’s stock after purchasing an additional 172,706 shares during the quarter. Victory Capital Management Inc.’s holdings in Oscar Health were worth $3,105,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. KBC Group NV grew its position in Oscar Health by 56.1% in the fourth quarter. KBC Group NV now owns 7,107 shares of the company’s stock worth $96,000 after acquiring an additional 2,555 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of Oscar Health during the fourth quarter worth $100,000. Alberta Investment Management Corp purchased a new position in shares of Oscar Health during the fourth quarter worth $138,000. SMART Wealth LLC purchased a new position in shares of Oscar Health during the fourth quarter worth $180,000. Finally, Tempus Wealth Planning LLC purchased a new position in shares of Oscar Health during the fourth quarter worth $181,000. 75.70% of the stock is currently owned by hedge funds and other institutional investors.

Oscar Health Stock Up 2.7 %

Shares of NYSE OSCR opened at $13.23 on Monday. Oscar Health, Inc. has a 12-month low of $12.43 and a 12-month high of $23.79. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.26. The stock has a market cap of $3.31 billion, a P/E ratio of -660.92 and a beta of 1.75. The business’s fifty day simple moving average is $15.21 and its 200-day simple moving average is $16.38.

Oscar Health (NYSE:OSCR) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.07). Oscar Health had a net margin of 0.28% and a return on equity of 2.28%. As a group, equities analysts predict that Oscar Health, Inc. will post 0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on OSCR. Wells Fargo & Company lowered Oscar Health from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $20.00 to $16.00 in a research report on Thursday. Jefferies Financial Group began coverage on Oscar Health in a research report on Tuesday, December 10th. They set an “underperform” rating and a $12.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.19.

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.