Cibc World Markets Corp Invests $251,000 in Oscar Health, Inc. (NYSE:OSCR)

Cibc World Markets Corp acquired a new stake in shares of Oscar Health, Inc. (NYSE:OSCR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 18,641 shares of the company’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSCR. KBC Group NV increased its position in shares of Oscar Health by 56.1% during 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. ORG Wealth Partners LLC acquired a new stake in Oscar Health in the 4th quarter valued at about $100,000. Alberta Investment Management Corp acquired a new stake in Oscar Health in the 4th quarter valued at about $138,000. FORA Capital LLC bought a new position in shares of Oscar Health during the 3rd quarter valued at about $237,000. Finally, SMART Wealth LLC acquired a new position in shares of Oscar Health in the 4th quarter worth approximately $180,000. Institutional investors own 75.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on OSCR. Jefferies Financial Group initiated coverage on shares of Oscar Health in a research note on Tuesday, December 10th. They set an “underperform” rating and a $12.00 target price for the company. Wells Fargo & Company lowered Oscar Health from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $20.00 to $16.00 in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Oscar Health currently has an average rating of “Hold” and an average price target of $20.21.

Oscar Health Stock Up 1.4 %

OSCR stock opened at $14.15 on Wednesday. The company’s 50 day simple moving average is $15.02 and its 200-day simple moving average is $16.16. Oscar Health, Inc. has a 52-week low of $12.43 and a 52-week high of $23.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $3.55 billion, a P/E ratio of -707.15 and a beta of 1.75.

Oscar Health (NYSE:OSCR) last issued 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 research analysts anticipate that Oscar Health, Inc. will post 0.69 EPS for the current year.

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.