Griffin Myers Sells 50,000 Shares of Oak Street Health, Inc. (NYSE:OSH) Stock

Oak Street Health, Inc. (NYSE:OSHGet Rating) insider Griffin Myers sold 50,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $27.39, for a total transaction of $1,369,500.00. Following the completion of the sale, the insider now owns 4,904,159 shares in the company, valued at $134,324,915.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Griffin Myers also recently made the following trade(s):

  • On Thursday, August 25th, Griffin Myers sold 50,000 shares of Oak Street Health stock. The shares were sold at an average price of $28.95, for a total transaction of $1,447,500.00.
  • On Thursday, August 11th, Griffin Myers sold 50,000 shares of Oak Street Health stock. The shares were sold at an average price of $29.08, for a total transaction of $1,454,000.00.
  • On Thursday, July 28th, Griffin Myers sold 200,000 shares of Oak Street Health stock. The stock was sold at an average price of $28.63, for a total transaction of $5,726,000.00.

Oak Street Health Price Performance

NYSE:OSH opened at $28.33 on Friday. The company has a debt-to-equity ratio of 16.10, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of -12.88 and a beta of 3.01. The company has a 50 day moving average price of $26.40 and a 200-day moving average price of $22.45. Oak Street Health, Inc. has a 1-year low of $13.29 and a 1-year high of $54.14.

Oak Street Health (NYSE:OSHGet Rating) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.17). The firm had revenue of $523.70 million for the quarter, compared to analysts’ expectations of $520.62 million. Oak Street Health had a negative net margin of 27.11% and a negative return on equity of 1,883.59%. Equities research analysts forecast that Oak Street Health, Inc. will post -2.44 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on OSH. Bank of America cut shares of Oak Street Health from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $26.00 to $18.00 in a research note on Wednesday, June 15th. UBS Group lifted their target price on shares of Oak Street Health from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd. Barclays lifted their target price on shares of Oak Street Health from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, August 8th. Cowen lifted their target price on shares of Oak Street Health to $34.00 in a research note on Tuesday, August 9th. Finally, Argus started coverage on shares of Oak Street Health in a research note on Tuesday, July 26th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.25.

Institutional Investors Weigh In On Oak Street Health

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in Oak Street Health by 7.0% in the 1st quarter. Victory Capital Management Inc. now owns 14,994 shares of the company’s stock worth $271,000 after acquiring an additional 975 shares in the last quarter. Utah Retirement Systems increased its holdings in Oak Street Health by 5.4% in the 2nd quarter. Utah Retirement Systems now owns 19,400 shares of the company’s stock worth $319,000 after acquiring an additional 1,000 shares in the last quarter. Confluence Wealth Services Inc. purchased a new stake in Oak Street Health in the 4th quarter worth $34,000. Benjamin Edwards Inc. increased its holdings in Oak Street Health by 9,016.7% in the 1st quarter. Benjamin Edwards Inc. now owns 1,094 shares of the company’s stock worth $29,000 after acquiring an additional 1,082 shares in the last quarter. Finally, Bell Bank increased its holdings in Oak Street Health by 5.9% in the 2nd quarter. Bell Bank now owns 19,905 shares of the company’s stock worth $327,000 after acquiring an additional 1,112 shares in the last quarter. Hedge funds and other 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.

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