Insider Selling: NeueHealth, Inc. (NYSE:NEUE) CFO Sells 1,860 Shares of Stock

NeueHealth, Inc. (NYSE:NEUE) CFO Jay Matushak sold 1,860 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $7.19, for a total value of $13,373.40. Following the completion of the transaction, the chief financial officer now directly owns 22,227 shares in the company, valued at approximately $159,812.13. This trade represents a 7.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Jay Matushak also recently made the following trade(s):

• On Monday, January 6th, Jay Matushak sold 4,970 shares of NeueHealth stock. The shares were sold at an average price of $7.33, for a total value of $36,430.10.

NeueHealth Trading Up 0.3 %

NEUE opened at $6.92 on Wednesday. The stock’s 50-day moving average price is $7.33 and its 200 day moving average price is $5.99. NeueHealth, Inc. has a 12-month low of $3.79 and a 12-month high of $8.32. The firm has a market cap of $57.33 million, a price-to-earnings ratio of -0.14 and a beta of 0.56.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On NeueHealth

Hedge funds have recently bought and sold shares of the company. Partners Group Holding AG acquired a new position in NeueHealth during the 3rd quarter worth about $463,000. Northern Trust Corp lifted its stake in NeueHealth by 66.8% during the 4th quarter. Northern Trust Corp now owns 32,644 shares of the company’s stock worth $242,000 after acquiring an additional 13,074 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in NeueHealth in the 4th quarter valued at about $76,000. 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.