TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Oak Street Health, Inc. (NYSE:OSH) in the first quarter, HoldingsChannel.com reports. The firm purchased 69,000 shares of the company’s stock, valued at approximately $3,745,000.
Other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers grew its position in Oak Street Health by 54.2% during the fourth quarter. Rhumbline Advisers now owns 17,116 shares of the company’s stock valued at $1,047,000 after acquiring an additional 6,013 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Oak Street Health by 292.4% in the first quarter. Treasurer of the State of North Carolina now owns 33,054 shares of the company’s stock worth $1,794,000 after buying an additional 24,630 shares during the period. Sigma Investment Counselors Inc. purchased a new stake in shares of Oak Street Health in the first quarter worth about $3,702,000. Sectoral Asset Management Inc boosted its position in shares of Oak Street Health by 40.5% in the first quarter. Sectoral Asset Management Inc now owns 351,250 shares of the company’s stock worth $19,062,000 after buying an additional 101,250 shares during the period. Finally, Burleson & Company LLC purchased a new stake in shares of Oak Street Health in the first quarter worth about $98,000. 77.88% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Oak Street Health from a “sell” rating to a “hold” rating in a research report on Tuesday, May 18th. Cantor Fitzgerald began coverage on Oak Street Health in a research note on Tuesday, April 20th. They issued an “overweight” rating and a $75.00 price target on the stock. Finally, Sanford C. Bernstein began coverage on Oak Street Health in a research note on Friday, May 21st. They issued an “outperform” rating and a $79.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $68.36.
Oak Street Health (NYSE:OSH) last issued its quarterly earnings data on Monday, May 10th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). Oak Street Health had a negative return on equity of 60.50% and a negative net margin of 24.18%. The business had revenue of $296.70 million during the quarter, compared to the consensus estimate of $283.40 million. Oak Street Health’s revenue for the quarter was up 47.0% on a year-over-year basis. On average, equities analysts anticipate that Oak Street Health, Inc. will post -1.58 EPS for the current fiscal year.
In other news, COO Geoffrey M. Price sold 125,000 shares of the firm’s stock in a transaction on Tuesday, April 27th. The stock was sold at an average price of $61.30, for a total transaction of $7,662,500.00. Following the completion of the sale, the chief operating officer now directly owns 3,817,437 shares of the company’s stock, valued at approximately $234,008,888.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Griffin Myers sold 109,400 shares of the firm’s stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $55.67, for a total value of $6,090,298.00. Following the sale, the insider now directly owns 48 shares of the company’s stock, valued at $2,672.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,133,685 shares of company stock valued at $487,811,119. 10.10% of the stock is currently owned by corporate insiders.
About Oak Street Health
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, 2020, it operated 79 centers in Illinois, Indiana, Michigan, Mississippi, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Tennessee, and Texas.
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