Zuckerman Investment Group LLC Takes $269,000 Position in Oscar Health, Inc. (NYSE:OSCR)

Zuckerman Investment Group LLC acquired a new position in shares of Oscar Health, Inc. (NYSE:OSCR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,000 shares of the company's stock, valued at approximately $269,000.

Several other institutional investors have also modified their holdings of OSCR. Arizona State Retirement System grew its position in Oscar Health by 3.1% during the 4th quarter. Arizona State Retirement System now owns 47,918 shares of the company's stock worth $644,000 after purchasing an additional 1,454 shares during the last quarter. Xponance Inc. lifted its position in Oscar Health by 12.9% during the 4th quarter. Xponance Inc. now owns 14,394 shares of the company's stock worth $193,000 after acquiring an additional 1,649 shares during the period. KBC Group NV increased its holdings in shares of Oscar Health by 56.1% in the fourth quarter. KBC Group NV now owns 7,107 shares of the company's stock valued at $96,000 after purchasing an additional 2,555 shares during the period. Alliancebernstein L.P. increased its stake in Oscar Health by 1.1% in the 4th quarter. Alliancebernstein L.P. now owns 243,160 shares of the company's stock valued at $3,268,000 after buying an additional 2,600 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Oscar Health by 20.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 17,896 shares of the company's stock worth $241,000 after buying an additional 3,040 shares during the last quarter. Hedge funds and other institutional investors own 75.70% of the company's stock.

Wall Street Analyst Weigh In

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

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Oscar Health Trading Down 0.6 %

Shares of OSCR stock traded down $0.07 on Tuesday, reaching $12.35. 1,079,133 shares of the stock were exchanged, compared to its average volume of 4,604,314. The firm has a 50 day moving average of $13.95 and a two-hundred day moving average of $15.26. The stock has a market cap of $3.09 billion, a P/E ratio of -617.19 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. Oscar Health, Inc. has a 1-year low of $11.47 and a 1-year high of $23.79.

Oscar Health (NYSE:OSCR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($0.62) earnings per share 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, research analysts anticipate 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.