Swiss National Bank Increases Holdings in Oscar Health, Inc. (NYSE:OSCR)

Swiss National Bank increased its stake in shares of Oscar Health, Inc. (NYSE:OSCR) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 324,800 shares of the company’s stock after buying an additional 9,900 shares during the period. Swiss National Bank’s holdings in Oscar Health were worth $4,365,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. KBC Group NV boosted its holdings in Oscar Health by 56.1% in the 4th 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. ORG Wealth Partners LLC purchased a new stake in shares of Oscar Health in the fourth quarter worth $100,000. Alberta Investment Management Corp bought a new stake in Oscar Health during the fourth quarter valued at $138,000. SMART Wealth LLC purchased a new position in Oscar Health during the fourth quarter worth about $180,000. Finally, Tempus Wealth Planning LLC bought a new position in Oscar Health in the 4th quarter worth about $181,000. Institutional investors own 75.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OSCR. Wells Fargo & Company downgraded Oscar Health from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $20.00 to $16.00 in a research report on Thursday, March 13th. Jefferies Financial Group started coverage on shares of Oscar Health in a research report on Tuesday, December 10th. They set an “underperform” rating and a $12.00 target price for the company. Two 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, the stock presently has a consensus rating of “Hold” and an average target price of $20.21.

Oscar Health Stock Up 1.4 %

Shares of OSCR opened at $14.15 on Wednesday. Oscar Health, Inc. has a 1 year low of $12.43 and a 1 year high of $23.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a 50 day simple moving average of $15.02 and a two-hundred day simple moving average of $16.16. The firm has a market cap of $3.55 billion, a P/E ratio of -707.15 and a beta of 1.75.

Oscar Health (NYSE:OSCR) last issued its earnings results 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%. On average, analysts forecast that Oscar Health, Inc. will post 0.69 earnings per share for the current fiscal 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.