OneDigital Investment Advisors LLC Invests $2.04 Million in Oscar Health, Inc. (NYSE:OSCR)

OneDigital Investment Advisors LLC acquired a new stake in Oscar Health, Inc. (NYSE:OSCR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 151,680 shares of the company's stock, valued at approximately $2,039,000. OneDigital Investment Advisors LLC owned about 0.06% of Oscar Health at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in OSCR. Tower Research Capital LLC TRC grew its holdings in shares of Oscar Health by 171.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,627 shares of the company's stock valued at $89,000 after buying an additional 4,185 shares during the period. MetLife Investment Management LLC grew its stake in Oscar Health by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 119,033 shares of the company's stock valued at $1,600,000 after acquiring an additional 6,553 shares during the period. Dimensional Fund Advisors LP grew its stake in Oscar Health by 10.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,448,703 shares of the company's stock valued at $46,353,000 after acquiring an additional 313,227 shares during the period. 1492 Capital Management LLC bought a new stake in shares of Oscar Health in the fourth quarter worth about $440,000. Finally, Canada Pension Plan Investment Board raised its position in shares of Oscar Health by 510.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 958,200 shares of the company's stock worth $12,878,000 after purchasing an additional 801,200 shares during the period. Institutional investors and hedge funds own 75.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lowered Oscar Health from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Oscar Health has a consensus rating of "Hold" and an average price target of $20.21.

Oscar Health Stock Up 6.0 %

Shares of NYSE:OSCR traded up $0.75 during mid-day trading on Tuesday, reaching $13.37. 2,067,593 shares of the stock were exchanged, compared to its average volume of 3,887,649. The company has a market cap of $3.35 billion, a P/E ratio of -665.42 and a beta of 1.75. The stock's 50 day simple moving average is $13.49 and its 200-day simple moving average is $14.76. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.26. Oscar Health, Inc. has a one year low of $11.20 and a one year high of $23.79.

Oscar Health (NYSE:OSCR - Get Free Report) last issued 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 return on equity of 2.28% and a net margin of 0.28%. As a group, equities research analysts predict that Oscar Health, Inc. will post 0.69 EPS for the current 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.