Insider Selling: NeueHealth, Inc. (NYSE:NEUE) CEO Sells 16,803 Shares of Stock

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

NeueHealth Trading Down 3.3 %

NEUE stock opened at $3.82 on Friday. The firm has a 50-day moving average of $5.07 and a two-hundred day moving average of $5.24. NeueHealth, Inc. has a 12 month low of $3.79 and a 12 month high of $16.59. The company has a market cap of $31.65 million, a price-to-earnings ratio of -0.07 and a beta of 0.78.

Institutional Investors Weigh In On NeueHealth

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

Wall Street Analysts Forecast Growth

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 for the company in a report on Monday, December 9th.

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.