Oak Street Health, Inc. (NYSE:OSH) Given Average Recommendation of “Hold” by Brokerages

Oak Street Health, Inc. (NYSE:OSH – Get Rating) has received an average recommendation of “Hold” from the twenty analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $32.92.

A number of research firms have commented on OSH. UBS Group reduced their price objective on Oak Street Health from $28.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 6th. Raymond James lowered Oak Street Health from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 9th. Stifel Nicolaus lowered Oak Street Health from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th. JPMorgan Chase & Co. lowered Oak Street Health from an “overweight” rating to a “neutral” rating and upped their price target for the company from $35.00 to $39.00 in a research note on Thursday, February 23rd. Finally, SVB Leerink upped their price target on Oak Street Health from $33.00 to $39.00 and gave the company a “market perform” rating in a research note on Wednesday, February 8th.

Insider Buying and Selling

In other Oak Street Health news, CFO Timothy M. Cook sold 1,480 shares of the firm’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $28.49, for a total transaction of $42,165.20. Following the transaction, the chief financial officer now owns 1,357,241 shares in the company, valued at approximately $38,667,796.09. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Oak Street Health news, CFO Timothy M. Cook sold 1,480 shares of the firm’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $28.49, for a total transaction of $42,165.20. Following the transaction, the chief financial officer now owns 1,357,241 shares in the company, valued at approximately $38,667,796.09. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Timothy M. Cook sold 5,107 shares of the firm’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $35.48, for a total value of $181,196.36. Following the transaction, the chief financial officer now owns 1,352,134 shares in the company, valued at approximately $47,973,714.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 763,105 shares of company stock valued at $25,972,304. Insiders own 11.40% of the company’s stock.

Hedge Funds Weigh In On Oak Street Health

A number of hedge funds have recently added to or reduced their stakes in OSH. Amalgamated Bank increased its stake in shares of Oak Street Health by 1.5% in the 4th quarter. Amalgamated Bank now owns 21,590 shares of the company’s stock valued at $464,000 after purchasing an additional 319 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Oak Street Health by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 58,460 shares of the company’s stock valued at $1,433,000 after purchasing an additional 460 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Oak Street Health by 2.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 28,164 shares of the company’s stock valued at $606,000 after purchasing an additional 565 shares during the last quarter. Signaturefd LLC increased its stake in shares of Oak Street Health by 81.1% in the 4th quarter. Signaturefd LLC now owns 1,320 shares of the company’s stock valued at $28,000 after purchasing an additional 591 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of Oak Street Health by 1.3% in the 3rd quarter. Treasurer of the State of North Carolina now owns 49,917 shares of the company’s stock valued at $1,224,000 after purchasing an additional 640 shares during the last quarter. Institutional investors own 92.04% of the company’s stock.

Oak Street Health Trading Up 0.3 %

OSH opened at $35.64 on Tuesday. The stock has a market cap of $8.70 billion, a PE ratio of -16.13 and a beta of 2.22. Oak Street Health has a 1 year low of $13.29 and a 1 year high of $35.70. The stock’s 50 day simple moving average is $32.33 and its 200-day simple moving average is $25.81.

Oak Street Health (NYSE:OSH – Get Rating) last announced its quarterly earnings results on Tuesday, February 28th. The company reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.02. Oak Street Health had a negative return on equity of 1,883.59% and a negative net margin of 23.57%. The firm had revenue of $577.70 million for the quarter, compared to analysts’ expectations of $571.26 million. During the same period in the prior year, the business posted ($0.62) earnings per share. The business’s revenue was up 46.6% compared to the same quarter last year. Equities analysts forecast that Oak Street Health will post -1.58 earnings per share for the current fiscal year.

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.