Oak Street Health, Inc. (NYSE:OSH – Get Rating) has received a consensus rating of "Hold" from the eighteen brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $32.75.
Several equities research analysts have weighed in on OSH shares. Sanford C. Bernstein started coverage on shares of Oak Street Health in a research report on Thursday, May 26th. They set an "outperform" rating and a $26.00 price target for the company. Evercore ISI upped their price objective on shares of Oak Street Health to $37.00 in a report on Tuesday, August 9th. Argus began coverage on shares of Oak Street Health in a report on Tuesday, July 26th. They issued a "hold" rating for the company. Bank of America lowered shares of Oak Street Health from a "buy" rating to an "underperform" rating and decreased their price objective for the stock from $26.00 to $18.00 in a report on Wednesday, June 15th. Finally, Morgan Stanley increased their price target on shares of Oak Street Health from $19.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 31st.
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Oak Street Health Price Performance
OSH stock opened at $26.91 on Tuesday. The company has a debt-to-equity ratio of 16.10, a current ratio of 1.57 and a quick ratio of 1.57. Oak Street Health has a one year low of $13.29 and a one year high of $52.11. The stock has a market cap of $6.50 billion, a PE ratio of -12.23 and a beta of 3.01. The firm has a 50 day simple moving average of $27.11 and a two-hundred day simple moving average of $22.89.
Oak Street Health (NYSE:OSH – Get Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.49) by ($0.17). Oak Street Health had a negative net
margin of 27.11% and a negative return on equity of 1,883.59%. The business had revenue of $523.70 million during the quarter, compared to analysts' expectations of $520.62 million. On average, analysts predict that Oak Street Health will post -2.44 EPS for the current fiscal year.
Insider Activity
In related news, COO Brian Clem sold 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $30.00, for a total value of $1,200,000.00. Following the transaction, the chief operating officer now owns 596,468 shares of the company's stock, valued at $17,894,040. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Brian Clem sold 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $30.00, for a total value of $1,200,000.00. Following the transaction, the chief operating officer now owns 596,468 shares of the company's stock, valued at $17,894,040. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Newlight Partners Lp sold 7,000,000 shares of the firm's stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $24.72, for a total transaction of $173,040,000.00. Following the completion of the transaction, the director now directly owns 33,509,640 shares in the company, valued at approximately $828,358,300.80. The disclosure for this sale can be found here. Insiders have sold a total of 9,087,019 shares of company stock valued at $227,581,646 in the last 90 days. 11.40% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Oak Street Health
A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSH. Victory Capital Management Inc. raised its position in shares of Oak Street Health by 7.0% during the first quarter. Victory Capital Management Inc. now owns 14,994 shares of the company's stock valued at $271,000 after buying an additional 975 shares during the last quarter. Utah Retirement Systems raised its position in shares of Oak Street Health by 5.4% during the second quarter. Utah Retirement Systems now owns 19,400 shares of the company's stock valued at $319,000 after buying an additional 1,000 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of Oak Street Health by 9,016.7% during the first quarter. Benjamin Edwards Inc. now owns 1,094 shares of the company's stock valued at $29,000 after buying an additional 1,082 shares during the last quarter. Bell Bank raised its position in shares of Oak Street Health by 5.9% during the second quarter. Bell Bank now owns 19,905 shares of the company's stock valued at $327,000 after buying an additional 1,112 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its position in shares of Oak Street Health by 11.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,943 shares of the company's stock valued at $396,000 after buying an additional 1,265 shares during the last quarter. Institutional investors own 91.33% of the company's stock.
About Oak Street Health
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Oak Street Health, Inc, together with its subsidiaries, offers healthcare services to the patients in the United States. The company operates primary care centers for Medicare beneficiaries. As of December 31, 2021, it operated 129 centers in 19 states, including Illinois, Michigan, Pennsylvania, Ohio, and Texas.
Further Reading
- Get a free copy of the StockNews.com research report on Oak Street Health (OSH)
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