NeueHealth, Inc. (NYSE:NEUE) CEO George Lawrence Mikan III Sells 16,803 Shares

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 transaction of $70,236.54. Following the completion of the transaction, the chief executive officer now directly owns 83,029 shares in the company, valued at $347,061.22. This trade represents a 16.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NeueHealth Trading Up 0.2 %

NeueHealth stock traded up $0.01 during midday trading on Wednesday, reaching $4.06. The company’s stock had a trading volume of 8,840 shares, compared to its average volume of 17,533. The stock has a market cap of $33.64 million, a PE ratio of -0.08 and a beta of 0.78. NeueHealth, Inc. has a 52 week low of $3.99 and a 52 week high of $16.59. The business has a 50-day moving average price of $5.15 and a 200-day moving average price of $5.26.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On NeueHealth

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pathway Capital Management LP bought a new position in NeueHealth in the 2nd quarter valued at approximately $61,000. Renaissance Technologies LLC acquired a new position in shares of NeueHealth during the second quarter worth $312,000. Partners Group Holding AG bought a new position in shares of NeueHealth in the 3rd quarter valued at $463,000. Deer Management Co. LLC bought a new position in shares of NeueHealth in the 2nd quarter valued at $5,436,000. Finally, NEA Management Company LLC bought a new stake in NeueHealth during the 2nd quarter worth $14,834,000. 63.88% of the stock is owned by institutional investors.

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.