Insider Selling: NeueHealth, Inc. (NYSE:NEUE) CEO Sells 26,660 Shares of Stock

NeueHealth, Inc. (NYSE:NEUE) CEO George Lawrence Mikan III sold 26,660 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $7.19, for a total value of $191,685.40. Following the completion of the transaction, the chief executive officer now directly owns 178,756 shares in the company, valued at $1,285,255.64. The trade was a 12.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, March 10th, George Lawrence Mikan III sold 1,604 shares of NeueHealth stock. The shares were sold at an average price of $7.06, for a total value of $11,324.24.
• On Monday, January 6th, George Lawrence Mikan III sold 31,798 shares of NeueHealth stock. The stock was sold at an average price of $7.33, for a total value of $233,079.34.
• On Tuesday, December 17th, George Lawrence Mikan III sold 16,803 shares of NeueHealth stock. The shares were sold at an average price of $4.18, for a total value of $70,236.54.

NeueHealth Price Performance

Shares of NeueHealth stock opened at $6.77 on Thursday. The firm has a 50 day simple moving average of $7.32 and a 200 day simple moving average of $5.99. NeueHealth, Inc. has a fifty-two week low of $3.79 and a fifty-two week high of $7.73. The firm has a market cap of $56.09 million, a P/E ratio of -0.13 and a beta of 0.56.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NEUE. Northern Trust Corp raised its position in shares of NeueHealth by 66.8% during the fourth quarter. Northern Trust Corp now owns 32,644 shares of the company’s stock worth $242,000 after acquiring an additional 13,074 shares during the last quarter. Virtu Financial LLC acquired a new stake in NeueHealth in the fourth quarter worth about $76,000. Finally, Partners Group Holding AG bought a new stake in NeueHealth during the 3rd quarter worth about $463,000. 63.88% of the stock is currently 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.