Prudential Financial Inc. Has $2.75 Million Holdings in Oscar Health, Inc. (NYSE:OSCR)

Prudential Financial Inc. trimmed its position in shares of Oscar Health, Inc. (NYSE:OSCR) by 38.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,590 shares of the company’s stock after selling 126,120 shares during the quarter. Prudential Financial Inc. owned approximately 0.08% of Oscar Health worth $2,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV lifted its stake in Oscar Health by 56.1% in the fourth quarter. KBC Group NV now owns 7,107 shares of the company’s stock valued at $96,000 after acquiring an additional 2,555 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Oscar Health in the 4th quarter valued at $100,000. Alberta Investment Management Corp bought a new stake in Oscar Health in the fourth quarter worth $138,000. Virtu Financial LLC acquired a new position in Oscar Health during the fourth quarter worth $140,000. Finally, SMART Wealth LLC bought a new position in Oscar Health during the fourth quarter valued at about $180,000. Institutional investors and hedge funds own 75.70% of the company’s stock.

Oscar Health Stock Performance

Shares of NYSE OSCR opened at $13.35 on Thursday. Oscar Health, Inc. has a 12 month low of $12.43 and a 12 month high of $23.79. The company has a market cap of $3.35 billion, a P/E ratio of -667.17 and a beta of 1.75. The business’s 50 day moving average is $14.74 and its two-hundred day moving average is $15.92. 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 (NYSE:OSCR) last announced 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 return on equity of 2.28% and a net margin of 0.28%. On average, equities analysts expect that Oscar Health, Inc. will post 0.69 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OSCR. Wells Fargo & Company lowered 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 report on Thursday, March 13th. Jefferies Financial Group began coverage on 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 assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently 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.