Charles Schwab Investment Management Inc. Has $22.24 Million Holdings in Oscar Health, Inc. (NYSE:OSCR)

Charles Schwab Investment Management Inc. grew its position in Oscar Health, Inc. (NYSE:OSCR - Free Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,654,862 shares of the company's stock after acquiring an additional 54,696 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.67% of Oscar Health worth $22,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. State Street Corp grew its stake in Oscar Health by 6.0% during the 3rd quarter. State Street Corp now owns 5,132,802 shares of the company's stock worth $108,867,000 after buying an additional 291,335 shares during the last quarter. Geode Capital Management LLC boosted its position in Oscar Health by 11.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,339,640 shares of the company's stock worth $92,062,000 after acquiring an additional 455,205 shares during the period. Hennessy Advisors Inc. boosted its position in Oscar Health by 550.3% during the 4th quarter. Hennessy Advisors Inc. now owns 4,188,400 shares of the company's stock worth $56,292,000 after acquiring an additional 3,544,300 shares during the period. JPMorgan Chase & Co. boosted its position 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 acquiring an additional 938,742 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in Oscar Health during the 3rd quarter worth $27,452,000. 75.70% of the stock is currently owned by institutional investors.

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Oscar Health Trading Up 1.0 %

Shares of NYSE OSCR traded up $0.14 during mid-day trading on Friday, hitting $13.06. 4,669,292 shares of the company traded hands, compared to its average volume of 3,654,643. Oscar Health, Inc. has a 1 year low of $12.43 and a 1 year high of $23.79. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of -652.42 and a beta of 1.75. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $15.04 and a two-hundred day moving average of $16.22.

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 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%. On average, sell-side analysts anticipate that Oscar Health, Inc. will post 0.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on OSCR shares. Jefferies Financial Group started coverage on Oscar Health in a research report on Tuesday, December 10th. They set an "underperform" rating and a $12.00 price target for the company. Wells Fargo & Company lowered Oscar Health from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $20.00 to $16.00 in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Oscar Health currently has an average rating of "Hold" and an average price target of $20.19.

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.