American Century Companies Inc. Buys 835,144 Shares of Oscar Health, Inc. (NYSE:OSCR)

American Century Companies Inc. raised its holdings in Oscar Health, Inc. (NYSE:OSCR - Free Report) by 185.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,285,204 shares of the company's stock after acquiring an additional 835,144 shares during the period. American Century Companies Inc. owned about 0.52% of Oscar Health worth $17,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of OSCR. 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 valued at $96,000 after purchasing an additional 2,555 shares during the period. ORG Wealth Partners LLC bought a new position in Oscar Health in the fourth quarter valued at approximately $100,000. Alberta Investment Management Corp acquired a new position in shares of Oscar Health in the fourth quarter valued at approximately $138,000. Virtu Financial LLC bought a new stake in shares of Oscar Health during the fourth quarter worth $140,000. Finally, SMART Wealth LLC acquired a new stake in shares of Oscar Health during the fourth quarter worth $180,000. 75.70% of the stock is currently owned by institutional investors.

Oscar Health Stock Down 4.6 %

OSCR traded down $0.62 during trading on Friday, reaching $12.99. 6,528,010 shares of the stock were exchanged, compared to its average volume of 3,803,303. The stock has a market cap of $3.25 billion, a P/E ratio of -649.18 and a beta of 1.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.73 and a current ratio of 0.73. The stock's 50 day moving average price is $14.60 and its two-hundred day moving average price is $15.80. Oscar Health, Inc. has a twelve month low of $12.25 and a twelve month high of $23.79.

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Oscar Health (NYSE:OSCR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.07). Oscar Health had a net margin of 0.28% and a return on equity of 2.28%. Equities analysts expect that Oscar Health, Inc. will post 0.69 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.