Southeastern Asset Management, In recently announced the acquisition of new stake in Oscar Health Inc. (NYSE:OSCR). The institutional investor has increased its shareholding in the Healthcare company by 30.77% to 14.58 million shares with purchase of 3.43 million shares. This fresh investment now brings its stake to 8.05% valued currently at $98.1 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.24 million to 11.32 million shares. And Millennium Management LLC has lifted its position by 69.26% or 1.09 million shares – to 2.66 million shares.
With over 1.68 million Oscar Health Inc. (OSCR) shares trading Friday and a closing price of $7.19 on the day, the dollar volume was approximately $12.1 million. The shares have shown a positive half year performance of 147.93% and its price on 05/19/23 lost nearly -1.37%. Currently, there are 216.91M common shares owned by the public and among those 142.34M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for OSCR have a consensus price objective of $7.07. The analysts have set the share’s price value over the next 12 months at a high of $9.00 and a low of $5.40. The average price target is -6.2% below its recent price level and a downside to the estimated low will see the stock lose -33.15% over that period. But an upside of 20.11% will see the stock hit the forecast high price target while median target price for the stock is $7.00.
Insiders at the company have transacted a total of 69 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 41 of these insider trades were purchases, accounting for 1,046,478 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 356,402 shares.
The top 3 mutual fund holders in Oscar Health Inc. are Longleaf Partners Small Cap Fund, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. Longleaf Partners Small Cap Fund owns 14.57 million shares of the company’s stock, all valued at over $98.05 million. The company bought an additional 3.43 million shares recently to bring their total holdings to about 8.04% of the shares outstanding. Vanguard Small Cap Index Fund bought 37496.0 shares to bring its total holdings to over 3.3 million shares at a value of $22.22 million. Vanguard Small Cap Index Fund now owns shares totaling to 1.82% of the shares outstanding.
Shares of Oscar Health Inc. (NYSE: OSCR) opened at $7.37, up $0.08 from a prior closing price of $7.29. However, the script later moved the day high at 7.39, down -1.37%. The company’s stock has a 5-day price change of 2.42% and 28.39% over the past three months. OSCR shares are trading 192.28% year to date (YTD), with the 12-month market performance up to 26.81% higher. It has a 12-month low price of $2.05 and touched a high of $8.08 over the same period. OSCR has an average intraday trading volume of 3.51 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.53%, 23.57%, and 54.43% respectively.
Institutional ownership of Oscar Health Inc. (NYSE: OSCR) shares accounts for 88.30% of the company’s 216.91M shares outstanding. Mutual fund holders own 24.70%, while other institutional holders and individual stakeholders account for 3.68% and 19.03% respectively.
It has a market capitalization of $1.59B. The earnings-per-share (ttm) stands at -$2.67. The company has a debt-to-equity ratio at 0.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.66% over the week and 6.90% over the month.
Analysts forecast that Oscar Health Inc. (OSCR) will achieve an EPS of -$0.26 for the current quarter, -$0.48 for the next quarter and -$0.53 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.34 while analysts give the company a high EPS estimate of -$0.21. Comparatively, EPS for the current quarter was -$0.53 a year ago. Earnings per share for the fiscal year are expected to increase by 10.80%, and 64.90% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Oscar Health Inc. (OSCR) as a “Moderate Buy” at a consensus score of 2.90. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
