Oscar Health, Inc. (NYSE:OSCR) Shares Acquired by Jump Financial LLC

Jump Financial LLC raised its stake in Oscar Health, Inc. (NYSE:OSCR) by 57.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 562,376 shares of the company’s stock after buying an additional 204,985 shares during the quarter. Jump Financial LLC owned approximately 0.23% of Oscar Health worth $7,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of OSCR. KBC Group NV grew its stake 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 worth $96,000 after purchasing an additional 2,555 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Oscar Health in the 4th quarter valued at about $100,000. Alberta Investment Management Corp acquired a new position in Oscar Health during the 4th quarter valued at about $138,000. Virtu Financial LLC bought a new stake in shares of Oscar Health during the 4th quarter worth about $140,000. Finally, Potentia Wealth acquired a new stake in shares of Oscar Health in the 4th quarter worth approximately $141,000. Institutional investors and hedge funds own 75.70% of the company’s stock.

Analysts Set New Price Targets

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

Oscar Health Stock Performance

OSCR opened at $12.47 on Wednesday. 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 fifty-two week low of $11.47 and a fifty-two week high of $23.79. The firm has a market cap of $3.12 billion, a PE ratio of -622.94 and a beta of 1.75. The business has a fifty day simple moving average of $13.90 and a 200-day simple moving average of $15.24.

Oscar Health (NYSE:OSCR) last released its earnings results on Tuesday, February 4th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.07). Oscar Health had a net margin of 0.28% and a return on equity of 2.28%. As a group, equities analysts predict that Oscar Health, Inc. will post 0.69 EPS for the current fiscal year.

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.