Insider Selling: NeueHealth, Inc. (NYSE:NEUE) CEO Sells 31,798 Shares of Stock

NeueHealth, Inc. (NYSE:NEUE) CEO George Lawrence Mikan III sold 31,798 shares of NeueHealth stock in a transaction on Monday, January 6th. The stock was sold at an average price of $7.33, for a total value of $233,079.34. Following the transaction, the chief executive officer now directly owns 146,539 shares of the company’s stock, valued at approximately $1,074,130.87. This represents a 17.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

George Lawrence Mikan III also recently made the following trade(s):

• On Tuesday, December 17th, George Lawrence Mikan III sold 16,803 shares of NeueHealth stock. The stock was sold at an average price of $4.18, for a total value of $70,236.54.

NeueHealth Stock Performance

NEUE stock opened at $7.45 on Thursday. NeueHealth, Inc. has a 1 year low of $3.79 and a 1 year high of $16.59. The firm has a market cap of $61.72 million, a P/E ratio of -0.15 and a beta of 0.57. The stock’s 50 day moving average price is $5.51 and its 200 day moving average price is $5.39.

Analyst Upgrades and Downgrades

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

Institutional Trading of NeueHealth

A number of large investors have recently made changes to their positions in the stock. NEA Management Company LLC acquired a new position in NeueHealth in the 2nd quarter valued at about $14,834,000. Deer Management Co. LLC purchased a new stake in shares of NeueHealth during the second quarter worth about $5,436,000. Partners Group Holding AG purchased a new position in shares of NeueHealth during the third quarter valued at approximately $463,000. Finally, Renaissance Technologies LLC acquired a new stake in NeueHealth during the second quarter worth approximately $312,000. 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.