Stock Traders Buy Large Volume of Put Options on Oscar Health (NYSE:OSCR)

Oscar Health, Inc. (NYSE:OSCR) was the recipient of some unusual options trading on Monday. Stock investors bought 13,088 put options on the company. This represents an increase of approximately 60% compared to the typical daily volume of 8,163 put options.

Hedge Funds Weigh In On Oscar Health

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Oscar Health by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 18,997,973 shares of the company’s stock worth $255,333,000 after buying an additional 586,626 shares during the period. Deerfield Management Company L.P. Series C increased its holdings in Oscar Health by 50.7% in the 4th quarter. Deerfield Management Company L.P. Series C now owns 11,835,000 shares of the company’s stock worth $159,062,000 after acquiring an additional 3,983,325 shares in the last quarter. JPMorgan Chase & Co. raised its position in Oscar Health by 348.7% during the fourth quarter. JPMorgan Chase & Co. now owns 10,360,529 shares of the company’s stock worth $139,246,000 after acquiring an additional 8,051,379 shares during the period. Thrive Capital Management LLC lifted its holdings in Oscar Health by 33.4% during the fourth quarter. Thrive Capital Management LLC now owns 6,343,617 shares of the company’s stock valued at $85,258,000 after purchasing an additional 1,588,395 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its position in shares of Oscar Health by 51.4% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 6,335,862 shares of the company’s stock valued at $85,154,000 after purchasing an additional 2,151,256 shares during the period. Hedge funds and other institutional investors own 75.70% of the company’s stock.

Oscar Health Stock Performance

OSCR opened at $13.49 on Tuesday. The firm has a fifty day moving average price of $15.19 and a 200 day moving average price of $16.35. Oscar Health has a 1 year low of $12.43 and a 1 year high of $23.79. The stock has a market cap of $3.38 billion, a P/E ratio of -673.91 and a beta of 1.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.73 and a quick ratio of 0.73.

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 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%. Equities research analysts anticipate that Oscar Health will post 0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wells Fargo & Company lowered shares of Oscar Health from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $20.00 to $16.00 in a research report on Thursday, March 13th. Jefferies Financial Group assumed coverage on shares of Oscar Health in a research note on Tuesday, December 10th. They issued an “underperform” rating and a $12.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oscar Health has an average rating of “Hold” and an average target price of $20.19.

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.