NeueHealth, Inc. (NYSE:NEUE) CEO Sells $70,236.54 in Stock

NeueHealth, Inc. (NYSE:NEUE) CEO George Lawrence Mikan III sold 16,803 shares of NeueHealth stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $4.18, for a total value of $70,236.54. Following the transaction, the chief executive officer now owns 83,029 shares of the company’s stock, valued at approximately $347,061.22. This represents a 16.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

NeueHealth Stock Performance

Shares of NeueHealth stock opened at $3.82 on Friday. The firm has a 50-day simple moving average of $5.07 and a two-hundred day simple moving average of $5.24. NeueHealth, Inc. has a fifty-two week low of $3.79 and a fifty-two week high of $16.59. The company has a market cap of $31.65 million, a P/E ratio of -0.07 and a beta of 0.78.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada cut their target price on shares of NeueHealth from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Monday, December 9th.

Hedge Funds Weigh In On NeueHealth

A number of large investors have recently bought and sold shares of the business. Partners Group Holding AG purchased a new stake in shares of NeueHealth in the third quarter valued at approximately $463,000. Deer Management Co. LLC purchased a new stake in NeueHealth in the 2nd quarter worth $5,436,000. NEA Management Company LLC acquired a new position in NeueHealth during the second quarter worth $14,834,000. Renaissance Technologies LLC purchased a new position in NeueHealth during the second quarter valued at $312,000. Finally, Pathway Capital Management LP acquired a new stake in shares of NeueHealth in the second quarter valued at about $61,000. Institutional investors and hedge funds own 63.88% of the company’s stock.

About NeueHealth

NeueHealth, Inc, a healthcare company, provides various healthcare services for health consumers, providers, and payors in the United States. It operates through two segments: NeueCare and NeueSolutions. The NeueCare segment delivers healthcare services to ACA marketplace, medicare, and medicaid through owned and affiliated clinics.