The Vanguard Group, Inc. has recently announced that it has increased stake in Oscar Health Inc (NYSE:OSCR) by 18.70%. After grabbing 13.89 million shares, the institutional investor is now in possession of 2.19 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 7.28% having worth around $118.06 million. Moreover, BlackRock Fund Advisors increased its share by 0.63 million to have a control over 10.55 million shares. And Deerfield Management Co. LP raised its holdings to 10.54 million shares by acquiring 10.54 million shares or 5.52% of the stake.
Oscar Health Inc (OSCR) concluded trading on 01/10/24 at a closing price of $9.66, with 4.87 million shares of worth about $47.04 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.61% during that period and on Wednesday the price saw a gain of about 6.98%. Currently the company’s common shares owned by public are about 181.18M shares, out of which, 139.74M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 61 times over the past 12 months. They bought 1,363,875 shares in 36 of the transactions. In 25 selling transactions, insiders dumped 7,156,336 shares.
Longleaf Partners Small Cap Fund, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Oscar Health Inc Longleaf Partners Small Cap Fund is currently holding 7.4 million shares of worth totaling $62.9 million. The company recently came buying 1.49 million shares which brought its stake up to 3.88% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 5257.0 shares, after which its hold over company’s outstanding shares expand to 2.45%, leaving 4.67 million shares with the mutual fund that have a worth of about $39.72 million. iShares Russell 2000 ETF, after buying 3.88 million shares, have now control over 2.04% of the stake in the company. It holds 1908.0 shares of worth $33.0 million.
Stock saw a price change of 8.66% in past 5 days and over the past one month there was a price change of 19.85%. Year-to-date (YTD), OSCR shares are showing a performance of 5.57% which increased to 268.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.59 but also hit the highest price of $9.89 during that period. The average intraday trading volume for Oscar Health Inc shares is 1.89 million. The stock is currently trading 11.67% above its 20-day simple moving average (SMA20), while that difference is up 23.86% for SMA50 and it goes to 36.13% higher than SMA200.
The Vanguard Group, Inc. acquired 13.89 million shares of Oscar Health Inc having value of about $118.06 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 2.19 million shares in the company valued at close to $21139103.58, or have control over 18.70% stake in the company. Oscar Health Inc (NYSE: OSCR) currently have 181.18M outstanding shares and institutions hold larger chunk of about 48.79% of that. Holding of mutual funds in the company is about 24.58% while other institutional holders and individual stake holders have control over 33.54% and 13.09% of the stake respectively.
The stock has a current market capitalization of $2.18B and its 3Y-monthly beta is at 1.68. It has posted earnings per share of -$1.60 in the same period. It has a debt-to-equity ratio of 0.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OSCR, volatility over the week remained 7.94% while standing at 5.63% over the month.
Analysts are in expectations that Oscar Health Inc (OSCR) stock would likely to be making an EPS of -$0.72 in the current quarter, while forecast for next quarter EPS is $0.17 and it is -$0.39 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.74 which is -$0.69 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 55.31% while it is estimated to increase by 71.63% in next year.
Analysts at 4 brokerage firms have issued recommendations for the Oscar Health Inc (OSCR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 4 Wall Street analysts, 2 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on November 02, 2023 offering a Buy rating for the stock and assigned a target price range of between $8 and $9 to it.
