Insider Selling: NeueHealth, Inc. (NYSE:NEUE) CFO Sells 4,448 Shares of Stock

NeueHealth, Inc. (NYSE:NEUE) CFO Jay Matushak sold 4,448 shares of NeueHealth stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $6.74, for a total value of $29,979.52. Following the completion of the transaction, the chief financial officer now owns 41,592 shares of the company’s stock, valued at approximately $280,330.08. This represents a 9.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Jay Matushak also recently made the following trade(s):

• On Tuesday, March 11th, Jay Matushak sold 814 shares of NeueHealth stock. The shares were sold at an average price of $6.85, for a total value of $5,575.90.
• On Friday, March 7th, Jay Matushak sold 1,860 shares of NeueHealth stock. The shares were sold at an average price of $7.19, for a total value of $13,373.40.
• On Monday, January 6th, Jay Matushak sold 4,970 shares of NeueHealth stock. The stock was sold at an average price of $7.33, for a total transaction of $36,430.10.

NeueHealth Trading Down 7.4 %

NYSE:NEUE traded down $0.38 during trading hours on Monday, hitting $4.71. 81,052 shares of the stock were exchanged, compared to its average volume of 18,693. The firm’s fifty day moving average price is $7.21 and its 200 day moving average price is $6.01. NeueHealth, Inc. has a 52-week low of $3.79 and a 52-week high of $7.66. The company has a market cap of $38.98 million, a P/E ratio of -0.09 and a beta of 0.56.

Analyst Ratings Changes

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

Institutional Trading of NeueHealth

Several large investors have recently made changes to their positions in the company. Partners Group Holding AG purchased a new position in NeueHealth in the 3rd quarter valued at $463,000. Northern Trust Corp raised its position in shares of NeueHealth by 66.8% in the fourth quarter. Northern Trust Corp now owns 32,644 shares of the company’s stock valued at $242,000 after buying an additional 13,074 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of NeueHealth in the fourth quarter worth about $76,000. 63.88% of the stock is currently owned by hedge funds and other institutional investors.

NeueHealth Company Profile

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.