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. Traders bought 13,088 put options on the stock. This represents an increase of 60% compared to the typical daily volume of 8,163 put options.

Institutional Investors Weigh In On Oscar Health

Several large investors have recently modified their holdings of OSCR. Tower Research Capital LLC TRC boosted its stake in shares of Oscar Health by 171.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,627 shares of the company’s stock worth $89,000 after acquiring an additional 4,185 shares in the last quarter. KBC Group NV boosted its position in shares of Oscar Health by 56.1% in the fourth quarter. KBC Group NV now owns 7,107 shares of the company’s stock worth $96,000 after buying an additional 2,555 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of Oscar Health in the fourth quarter worth $100,000. Alberta Investment Management Corp acquired a new stake in shares of Oscar Health in the fourth quarter worth $138,000. Finally, Virtu Financial LLC acquired a new stake in shares of Oscar Health in the fourth quarter worth $140,000. 75.70% of the stock is owned by institutional investors.

Oscar Health Price Performance

Shares of OSCR stock traded down $0.26 during mid-day trading on Monday, hitting $12.97. 2,686,673 shares of the stock traded hands, compared to its average volume of 3,617,608. Oscar Health has a twelve month low of $12.43 and a twelve month high of $23.79. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of -648.18 and a beta of 1.75. The company’s 50-day simple moving average is $15.21 and its 200-day simple moving average is $16.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.73 and a current ratio of 0.73.

Oscar Health (NYSE:OSCR) last released 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, equities research analysts expect that Oscar Health will post 0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on OSCR shares. Jefferies Financial Group started coverage on Oscar Health in a research report on Tuesday, December 10th. They issued an “underperform” rating and a $12.00 target price on the stock. Wells Fargo & Company cut Oscar Health from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $20.00 to $16.00 in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.