Alberta Investment Management Corp Takes $138,000 Position in Oscar Health, Inc. (NYSE:OSCR)

Alberta Investment Management Corp bought a new stake in shares of Oscar Health, Inc. (NYSE:OSCR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,300 shares of the company’s stock, valued at approximately $138,000.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV increased its stake in shares of Oscar Health by 41.2% during the third quarter. KBC Group NV now owns 4,552 shares of the company’s stock valued at $97,000 after buying an additional 1,328 shares during the period. ORG Wealth Partners LLC purchased a new stake in Oscar Health in the fourth quarter worth $100,000. Aigen Investment Management LP purchased a new stake in Oscar Health in the third quarter worth $205,000. FORA Capital LLC purchased a new stake in Oscar Health in the third quarter worth $237,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Oscar Health by 7.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,028 shares of the company’s stock worth $255,000 after purchasing an additional 844 shares during the period. 75.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OSCR has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on Oscar Health in a research note on Tuesday, December 10th. They issued an “underperform” rating and a $12.00 price target on the stock. Bank of America cut Oscar Health from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $21.00 to $13.50 in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Oscar Health has an average rating of “Hold” and a consensus price target of $21.56.

Oscar Health Trading Down 7.8 %

Oscar Health stock opened at $14.81 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $14.82 and its two-hundred day simple moving average is $16.68. Oscar Health, Inc. has a 12 month low of $12.43 and a 12 month high of $23.79. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of -740.33 and a beta of 1.73.

Oscar Health (NYSE:OSCR) last released its earnings results on Tuesday, February 4th. The company reported ($0.62) EPS 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%. As a group, equities analysts predict that Oscar Health, Inc. will post 0.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Victoria Baltrus sold 8,078 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $18.08, for a total transaction of $146,050.24. Following the transaction, the chief accounting officer now directly owns 146,036 shares of the company’s stock, valued at $2,640,330.88. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mario Schlosser sold 6,516 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.08, for a total value of $117,809.28. Following the transaction, the insider now directly owns 81,962 shares in the company, valued at approximately $1,481,872.96. The trade was a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,610 shares of company stock valued at $1,421,269. 25.11% of the stock is currently owned by corporate insiders.

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.