Brooklyn FI LLC Makes New $441,000 Investment in Oscar Health, Inc. (NYSE:OSCR)

Brooklyn FI LLC bought a new stake in shares of Oscar Health, Inc. (NYSE:OSCR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 32,832 shares of the company's stock, valued at approximately $441,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OSCR. Hennessy Advisors Inc. raised its stake in shares of Oscar Health by 550.3% during the fourth quarter. Hennessy Advisors Inc. now owns 4,188,400 shares of the company's stock valued at $56,292,000 after purchasing an additional 3,544,300 shares during the period. Westfield Capital Management Co. LP acquired a new stake in Oscar Health during the 3rd quarter valued at $27,452,000. JPMorgan Chase & Co. increased its stake in Oscar Health by 68.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,309,150 shares of the company's stock worth $48,977,000 after buying an additional 938,742 shares during the period. Soros Fund Management LLC acquired a new position in Oscar Health in the 3rd quarter worth $12,726,000. Finally, Raymond James Financial Inc. purchased a new position in Oscar Health in the 4th quarter valued at about $6,613,000. 75.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OSCR has been the topic of several recent analyst reports. Wells Fargo & Company cut Oscar Health from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $20.00 to $16.00 in a research note on Thursday, March 13th. Jefferies Financial Group initiated coverage on Oscar Health in a research report on Tuesday, December 10th. They issued an "underperform" rating and a $12.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Oscar Health has an average rating of "Hold" and a consensus price target of $20.21.

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Oscar Health Stock Performance

Shares of OSCR stock traded up $0.96 on Monday, hitting $14.00. 3,589,106 shares of the stock traded hands, compared to its average volume of 3,657,226. The company's fifty day moving average is $15.04 and its 200 day moving average is $16.20. Oscar Health, Inc. has a 1-year low of $12.43 and a 1-year high of $23.79. The company has a market capitalization of $3.51 billion, a PE ratio of -699.40 and a beta of 1.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.73 and a quick ratio of 0.73.

Oscar Health (NYSE:OSCR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.62) earnings per share (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%. On average, equities research analysts predict that Oscar Health, Inc. will post 0.69 earnings per share for the current fiscal year.

Oscar Health 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.