Cibc World Markets Corp Makes New $251,000 Investment in Oscar Health, Inc. (NYSE:OSCR)

Cibc World Markets Corp acquired a new position in shares of Oscar Health, Inc. (NYSE:OSCR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,641 shares of the company's stock, valued at approximately $251,000.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Oscar Health by 6.0% in the third quarter. State Street Corp now owns 5,132,802 shares of the company's stock valued at $108,867,000 after acquiring an additional 291,335 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Oscar Health by 11.7% during the third quarter. Geode Capital Management LLC now owns 4,339,640 shares of the company's stock worth $92,062,000 after purchasing an additional 455,205 shares during the last quarter. Hennessy Advisors Inc. raised its stake in 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 buying an additional 3,544,300 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Oscar Health by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,654,862 shares of the company's stock worth $22,241,000 after acquiring an additional 54,696 shares in the last quarter. 75.70% of the stock is owned by hedge funds and other institutional investors.

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Oscar Health Stock Performance

Shares of OSCR traded down $0.20 during trading hours on Friday, reaching $13.29. 2,753,355 shares of the company traded hands, compared to its average volume of 3,758,190. 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 fifty day moving average is $14.90 and its 200 day moving average is $16.09. Oscar Health, Inc. has a 1-year low of $12.43 and a 1-year high of $23.79. The stock has a market cap of $3.33 billion, a P/E ratio of -663.92 and a beta of 1.75.

Oscar Health (NYSE:OSCR - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts anticipate that Oscar Health, Inc. will post 0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OSCR has been the subject of a number of research reports. Wells Fargo & Company downgraded shares of Oscar Health from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $20.00 to $16.00 in a report on Thursday, March 13th. Jefferies Financial Group initiated coverage on shares of Oscar Health in a research note on Tuesday, December 10th. They set an "underperform" rating and a $12.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Oscar Health currently has an average 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.