194,840 Shares in Oscar Health, Inc. (NYSE:OSCR) Acquired by DnB Asset Management AS

DnB Asset Management AS bought a new stake in shares of Oscar Health, Inc. (NYSE:OSCR) in the 4th quarter, HoldingsChannel reports. The firm bought 194,840 shares of the company’s stock, valued at approximately $2,619,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its position in shares of Oscar Health by 3.1% during the 4th quarter. Arizona State Retirement System now owns 47,918 shares of the company’s stock valued at $644,000 after acquiring an additional 1,454 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Oscar Health by 12.9% during the fourth quarter. Xponance Inc. now owns 14,394 shares of the company’s stock valued at $193,000 after purchasing an additional 1,649 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Oscar Health by 9.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,446 shares of the company’s stock valued at $561,000 after purchasing an additional 2,236 shares during the period. KBC Group NV boosted its position in shares of 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. Finally, PNC Financial Services Group Inc. raised its holdings 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 period. 75.70% of the stock is currently owned by institutional investors.

Oscar Health Trading Down 1.1 %

Oscar Health stock opened at $12.97 on Wednesday. Oscar Health, Inc. has a 12 month low of $12.43 and a 12 month high of $23.79. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.26. The stock has a market cap of $3.25 billion, a P/E ratio of -648.28 and a beta of 1.75. The company’s fifty day simple moving average is $14.79 and its 200-day simple moving average is $15.94.

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 net margin of 0.28% and a return on equity of 2.28%. As a group, sell-side analysts forecast that Oscar Health, Inc. will post 0.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OSCR has been the subject of several recent analyst reports. Jefferies Financial Group assumed coverage on shares of Oscar Health in a report on Tuesday, December 10th. They issued an “underperform” rating and a $12.00 target price for the company. Wells Fargo & Company cut shares of Oscar Health from an “overweight” rating to an “equal weight” rating and lowered their price objective 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 given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Oscar Health presently has a consensus rating of “Hold” and an average target price 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.