NeueHealth, Inc. (NYSE:NEUE) CFO Jay Matushak Sells 4,448 Shares

NeueHealth, Inc. (NYSE:NEUE) CFO Jay Matushak sold 4,448 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $6.74, for a total value of $29,979.52. Following the sale, the chief financial officer now owns 41,592 shares in the company, valued at approximately $280,330.08. This trade represents a 9.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, March 11th, Jay Matushak sold 814 shares of NeueHealth stock. The shares were sold at an average price of $6.85, for a total value of $5,575.90.
• On Friday, March 7th, Jay Matushak sold 1,860 shares of NeueHealth stock. The shares were sold at an average price of $7.19, for a total value of $13,373.40.
• 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 Stock Performance

NEUE opened at $4.85 on Thursday. The business’s 50-day simple moving average is $7.11 and its 200-day simple moving average is $6.00. The company has a market cap of $40.18 million, a P/E ratio of -0.09 and a beta of 0.56. NeueHealth, Inc. has a one year low of $3.79 and a one year high of $7.66.

Analysts Set New Price Targets

Separately, Royal Bank of Canada dropped their price objective on 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

Hedge funds have recently added to or reduced their stakes in the company. Partners Group Holding AG purchased a new position in NeueHealth during the 3rd quarter worth approximately $463,000. Northern Trust Corp grew 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 buying an additional 13,074 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in NeueHealth during the 4th quarter worth approximately $76,000. 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.