Oscar Health, Inc. $OSCR Holdings Raised by Fred Alger Management LLC

Fred Alger Management LLC lifted its stake in Oscar Health, Inc. (NYSE:OSCR) by 225.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,212,383 shares of the company’s stock after purchasing an additional 840,038 shares during the quarter. Fred Alger Management LLC owned 0.46% of Oscar Health worth $22,950,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in Oscar Health by 4,420.7% during the third quarter. Farther Finance Advisors LLC now owns 1,311 shares of the company’s stock valued at $25,000 after buying an additional 1,282 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Oscar Health by 7,473.3% during the first quarter. Jones Financial Companies Lllp now owns 2,272 shares of the company’s stock valued at $30,000 after acquiring an additional 2,242 shares during the period. Strs Ohio acquired a new stake in shares of Oscar Health during the first quarter valued at approximately $30,000. Tsfg LLC purchased a new stake in shares of Oscar Health in the 3rd quarter valued at approximately $38,000. Finally, EMC Capital Management acquired a new position in Oscar Health in the 2nd quarter worth approximately $64,000. Hedge funds and other institutional investors own 75.70% of the company’s stock.

Insider Activity

In related news, insider Mario Schlosser sold 23,038 shares of Oscar Health stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $17.65, for a total transaction of $406,620.70. Following the completion of the sale, the insider owned 350,180 shares of the company’s stock, valued at approximately $6,180,677. This trade represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 138,835 shares of company stock worth $2,298,269 in the last ninety days. 25.11% of the stock is currently owned by company insiders.

Oscar Health Stock Up 0.4%

Oscar Health stock opened at $13.28 on Tuesday. Oscar Health, Inc. has a twelve month low of $11.20 and a twelve month high of $23.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $3.95 billion, a PE ratio of -7.63 and a beta of 1.90. The firm’s 50 day moving average price is $14.46 and its two-hundred day moving average price is $16.44.

Oscar Health (NYSE:OSCR) last issued its earnings results on Tuesday, February 10th. The company reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). Oscar Health had a negative net margin of 3.79% and a negative return on equity of 39.35%. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the business earned ($0.62) EPS. The company’s quarterly revenue was up 17.3% on a year-over-year basis. On average, research analysts predict that Oscar Health, Inc. will post 0.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on OSCR shares. UBS Group reiterated a “neutral” rating and set a $15.00 price objective on shares of Oscar Health in a research report on Wednesday, February 11th. Barclays set a $18.00 target price on Oscar Health and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Wall Street Zen upgraded Oscar Health from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Oscar Health in a research report on Thursday, January 22nd. Finally, Piper Sandler raised Oscar Health from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $13.00 to $25.00 in a research note on Tuesday, November 25th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.88.

Oscar Health Company Profile

Oscar Health, trading on the New York Stock Exchange under the ticker OSCR, is a technology-driven health insurance company headquartered in New York, New York. Founded in 2012 by Mario Schlosser, Joshua Kushner and Kevin Nazemi, the company was built with the goal of simplifying healthcare coverage and enhancing member experience. Oscar leverages a proprietary digital platform to streamline plan enrollment, claims administration and member support, distinguishing itself in the individual, family and small group insurance markets.

The company’s primary products include on-exchange individual and family medical plans under the Affordable Care Act, off-exchange plans, as well as Medicare Advantage offerings.