Raymond James Financial Inc. Purchases Shares of 492,046 Oscar Health, Inc. (NYSE:OSCR)

Raymond James Financial Inc. bought a new position in Oscar Health, Inc. (NYSE:OSCR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 492,046 shares of the company's stock, valued at approximately $6,613,000. Raymond James Financial Inc. owned 0.20% of Oscar Health as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Straightline Group LLC acquired a new stake in Oscar Health in the 4th quarter valued at approximately $205,000. Russell Investments Group Ltd. boosted its position in Oscar Health by 63.3% during the fourth quarter. Russell Investments Group Ltd. now owns 216,782 shares of the company's stock worth $2,914,000 after purchasing an additional 84,029 shares during the period. ExodusPoint Capital Management LP acquired a new position in shares of Oscar Health in the fourth quarter valued at $2,556,000. Geode Capital Management LLC lifted its stake in shares of Oscar Health by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 4,468,098 shares of the company's stock worth $60,065,000 after buying an additional 128,458 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Oscar Health by 1.1% during the 4th quarter. Alliancebernstein L.P. now owns 243,160 shares of the company's stock worth $3,268,000 after buying an additional 2,600 shares during the period. 75.70% of the stock is owned by institutional investors.

Oscar Health Price Performance

Shares of NYSE OSCR traded up $0.22 during mid-day trading on Friday, reaching $12.25. The company had a trading volume of 3,593,852 shares, compared to its average volume of 3,893,885. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of -612.19 and a beta of 1.75. The business's 50-day simple moving average is $13.56 and its 200 day simple moving average is $14.82. Oscar Health, Inc. has a one year low of $11.20 and a one year high of $23.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.73 and a current ratio of 0.73.

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 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, research analysts predict that Oscar Health, Inc. will post 0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company downgraded shares of Oscar Health from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $20.00 to $16.00 in a research report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Oscar Health has an average rating of "Hold" and a consensus price target of $20.21.

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.