Glynn Capital Management LLC Buys 817,518 Shares of Oscar Health, Inc. (NYSE:OSCR)

Glynn Capital Management LLC raised its stake in shares of Oscar Health, Inc. (NYSE:OSCR) by 42.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,733,237 shares of the company’s stock after acquiring an additional 817,518 shares during the period. Oscar Health makes up 8.7% of Glynn Capital Management LLC’s holdings, making the stock its biggest holding. Glynn Capital Management LLC owned approximately 1.11% of Oscar Health worth $36,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the stock. KBC Group NV increased its holdings in Oscar Health by 41.2% in the 3rd quarter. KBC Group NV now owns 4,552 shares of the company’s stock valued at $97,000 after purchasing an additional 1,328 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Oscar Health by 3.1% during the fourth quarter. Arizona State Retirement System now owns 47,918 shares of the company’s stock worth $644,000 after buying an additional 1,454 shares during the period. Xponance Inc. grew its stake in shares of Oscar Health by 12.9% in the fourth quarter. Xponance Inc. now owns 14,394 shares of the company’s stock valued at $193,000 after buying an additional 1,649 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Oscar Health by 9.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,446 shares of the company’s stock valued at $561,000 after buying an additional 2,236 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Oscar Health by 20.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 17,896 shares of the company’s stock worth $241,000 after acquiring an additional 3,040 shares in the last quarter. 75.70% of the stock is currently owned by institutional investors and hedge funds.

Oscar Health Trading Down 4.7 %

NYSE:OSCR opened at $12.82 on Wednesday. Oscar Health, Inc. has a 1 year low of $12.43 and a 1 year high of $23.79. The stock has a market cap of $3.21 billion, a P/E ratio of -640.43 and a beta of 1.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50-day simple moving average of $15.16 and a 200-day simple moving average of $16.31.

Oscar Health (NYSE:OSCR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($0.62) earnings per share 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, analysts anticipate that Oscar Health, Inc. will post 0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OSCR. Wells Fargo & Company lowered shares of Oscar Health from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $20.00 to $16.00 in a research note on Thursday, March 13th. Jefferies Financial Group began 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 on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Oscar Health has an average rating of “Hold” and a consensus target price of $20.19.

About Oscar Health

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.