NeueHealth, Inc. (NYSE:NEUE) CEO George Lawrence Mikan III Sells 31,798 Shares

NeueHealth, Inc. (NYSE:NEUE) CEO George Lawrence Mikan III sold 31,798 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $7.33, for a total transaction of $233,079.34. Following the completion of the sale, the chief executive officer now owns 146,539 shares of the company’s stock, valued at approximately $1,074,130.87. The trade was a 17.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 shares were sold at an average price of $4.18, for a total transaction of $70,236.54.

NeueHealth Stock Down 1.2 %

Shares of NEUE stock opened at $7.33 on Friday. The stock has a market cap of $60.73 million, a price-to-earnings ratio of -0.14 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. The firm’s 50 day moving average price is $5.60 and its two-hundred day moving average price is $5.42.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NEUE. Renaissance Technologies LLC acquired a new position in shares of NeueHealth during the second quarter worth $312,000. NEA Management Company LLC acquired a new position in shares of NeueHealth during the second quarter worth $14,834,000. Deer Management Co. LLC acquired a new position in shares of NeueHealth during the second quarter worth $5,436,000. Finally, Partners Group Holding AG acquired a new position in shares of NeueHealth during the third quarter worth $463,000. 63.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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