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

NeueHealth, Inc. (NYSE:NEUE) CEO George Lawrence Mikan III sold 31,798 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was 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 in the company, valued at $1,074,130.87. This represents a 17.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 Trading Up 0.7 %

Shares of NYSE NEUE opened at $7.45 on Friday. NeueHealth, Inc. has a one year low of $3.79 and a one year high of $16.59. The business has a fifty day simple moving average of $5.56 and a 200 day simple moving average of $5.40. The firm has a market capitalization of $61.72 million, a price-to-earnings ratio of -0.15 and a beta of 0.57.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut 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.

Hedge Funds Weigh In On NeueHealth

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in NeueHealth in the second quarter valued at about $312,000. Partners Group Holding AG bought a new stake in shares of NeueHealth in the 3rd quarter valued at approximately $463,000. Deer Management Co. LLC bought a new stake in shares of NeueHealth in the 2nd quarter valued at approximately $5,436,000. Finally, NEA Management Company LLC bought a new position in shares of NeueHealth during the 2nd quarter worth approximately $14,834,000. 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.