Prosperity Wealth Management Inc. Raises Position in Oscar Health, Inc. (NYSE:OSCR)

Prosperity Wealth Management Inc. lifted its position in shares of Oscar Health, Inc. (NYSE:OSCR) by 92.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 79,277 shares of the company’s stock after purchasing an additional 38,172 shares during the period. Prosperity Wealth Management Inc.’s holdings in Oscar Health were worth $1,065,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of OSCR. KBC Group NV lifted its stake in Oscar Health by 41.2% in the 3rd quarter. KBC Group NV now owns 4,552 shares of the company’s stock worth $97,000 after purchasing an additional 1,328 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Oscar Health during the 4th quarter valued at about $100,000. Aigen Investment Management LP bought a new position in Oscar Health during the 3rd quarter valued at about $205,000. Alberta Investment Management Corp purchased a new stake in Oscar Health in the 4th quarter valued at about $138,000. Finally, FORA Capital LLC purchased a new stake in Oscar Health in the 3rd quarter valued at about $237,000. Hedge funds and other institutional investors own 75.70% of the company’s stock.

Oscar Health Trading Down 5.4 %

Shares of OSCR stock opened at $14.69 on Wednesday. Oscar Health, Inc. has a fifty-two week low of $12.43 and a fifty-two week high of $23.79. The company has a 50 day moving average price of $15.23 and a 200 day moving average price of $16.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $3.68 billion, a P/E ratio of -733.88 and a beta of 1.75.

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

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group assumed coverage on shares of Oscar Health in a research report on Tuesday, December 10th. They issued an “underperform” rating and a $12.00 price target for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.56.

Oscar Health Company 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.