NeueHealth, Inc. (NYSE:NEUE) Insider Sells $18,222.38 in Stock

NeueHealth, Inc. (NYSE:NEUE) insider Jeffery Michael Craig sold 2,486 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 transaction of $18,222.38. Following the sale, the insider now directly owns 7,558 shares of the company’s stock, valued at approximately $55,400.14. This trade represents a 24.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

NeueHealth Stock Up 0.7 %

NEUE stock opened at $7.45 on Thursday. The business has a 50 day moving average price of $5.51 and a 200 day moving average price of $5.39. The stock has a market cap of $61.72 million, a price-to-earnings ratio of -0.15 and a beta of 0.57. NeueHealth, Inc. has a fifty-two week low of $3.79 and a fifty-two week high of $16.59.

Analyst Ratings Changes

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

Institutional Trading of NeueHealth

Several institutional investors have recently modified their holdings of NEUE. Partners Group Holding AG purchased a new stake in shares of NeueHealth in the 3rd quarter valued at about $463,000. Deer Management Co. LLC acquired a new position in NeueHealth during the second quarter worth approximately $5,436,000. NEA Management Company LLC purchased a new stake in NeueHealth in the second quarter valued at approximately $14,834,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of NeueHealth in the second quarter valued at approximately $312,000. Hedge funds and other institutional investors own 63.88% of the company’s stock.

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.