Venator Management LLC Acquires Shares of 100,000 Oscar Health, Inc. (NYSE:OSCR)

Venator Management LLC acquired a new position in Oscar Health, Inc. (NYSE:OSCR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 100,000 shares of the company's stock, valued at approximately $1,344,000. Oscar Health makes up about 0.4% of Venator Management LLC's holdings, making the stock its 20th largest holding.

A number of other hedge funds also recently bought and sold shares of the stock. KBC Group NV grew its position in shares of Oscar Health by 56.1% in the 4th quarter. KBC Group NV now owns 7,107 shares of the company's stock worth $96,000 after buying an additional 2,555 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Oscar Health in the fourth quarter valued at approximately $100,000. Alberta Investment Management Corp purchased a new position in Oscar Health in the fourth quarter worth $138,000. Virtu Financial LLC acquired a new position in shares of Oscar Health during the fourth quarter worth $140,000. Finally, Potentia Wealth purchased a new stake in shares of Oscar Health during the 4th quarter valued at $141,000. Hedge funds and other institutional investors own 75.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OSCR. Wells Fargo & Company cut 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 initiated coverage on Oscar Health in a report on Tuesday, December 10th. They issued an "underperform" rating and a $12.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $20.21.

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Oscar Health Stock Performance

OSCR traded down $0.62 on Friday, reaching $12.99. 6,528,010 shares of the stock were exchanged, compared to its average volume of 3,795,001. 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 company's 50-day moving average price is $14.60 and its 200 day moving average price is $15.84. The firm has a market capitalization of $3.25 billion, a PE ratio of -649.18 and a beta of 1.75. Oscar Health, Inc. has a fifty-two week low of $12.25 and a fifty-two week high of $23.79.

Oscar Health (NYSE:OSCR - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported ($0.62) EPS 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, sell-side analysts forecast that Oscar Health, Inc. will post 0.69 EPS for the current fiscal year.

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.