Raymond James Financial Inc. Takes $6.61 Million Position in Oscar Health, Inc. (NYSE:OSCR)

Raymond James Financial Inc. bought a new stake in Oscar Health, Inc. (NYSE:OSCR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 492,046 shares of the company’s stock, valued at approximately $6,613,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in OSCR. Victory Capital Management Inc. raised its position in shares of Oscar Health by 42.4% in the 3rd quarter. Victory Capital Management Inc. now owns 58,353 shares of the company’s stock valued at $1,238,000 after buying an additional 17,377 shares in the last quarter. Swiss National Bank increased its position in Oscar Health by 17.8% during the 3rd quarter. Swiss National Bank now owns 314,900 shares of the company’s stock worth $6,679,000 after purchasing an additional 47,500 shares in the last quarter. Intech Investment Management LLC acquired a new position in Oscar Health during the 3rd quarter worth approximately $1,282,000. Charles Schwab Investment Management Inc. increased its position in Oscar Health by 20.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,600,166 shares of the company’s stock worth $33,940,000 after purchasing an additional 270,223 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in Oscar Health during the 3rd quarter worth approximately $446,000. 75.70% of the stock is currently owned by institutional investors and hedge funds.

Oscar Health Trading Up 1.0 %

OSCR opened at $13.06 on Monday. Oscar Health, Inc. has a fifty-two week low of $12.43 and a fifty-two week 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 firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of -652.42 and a beta of 1.75. The company’s 50 day moving average price is $15.04 and its two-hundred day moving average price is $16.20.

Oscar Health (NYSE:OSCR) last posted its 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 return on equity of 2.28% and a net margin of 0.28%. As a group, research analysts predict that Oscar Health, Inc. will post 0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OSCR. Wells Fargo & Company cut shares of Oscar Health from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $20.00 to $16.00 in a research report on Thursday, March 13th. Jefferies Financial Group began coverage on shares of Oscar Health in a research report on Tuesday, December 10th. They set an “underperform” rating and a $12.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Oscar Health currently has a consensus rating of “Hold” and a consensus price target of $20.21.

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.