NeueHealth, Inc. (NYSE:NEUE) CEO George Lawrence Mikan III Sells 1,604 Shares

NeueHealth, Inc. (NYSE:NEUE) CEO George Lawrence Mikan III sold 1,604 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $7.06, for a total value of $11,324.24. Following the completion of the sale, the chief executive officer now directly owns 184,717 shares of the company’s stock, valued at $1,304,102.02. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, March 7th, George Lawrence Mikan III sold 26,660 shares of NeueHealth stock. The shares were sold at an average price of $7.19, for a total value of $191,685.40.
• On Monday, January 6th, George Lawrence Mikan III sold 31,798 shares of NeueHealth stock. The shares were 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 Stock Up 0.3 %

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of NeueHealth during the fourth quarter valued at approximately $76,000. Northern Trust Corp lifted its holdings in 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 period. Finally, Partners Group Holding AG bought a new stake in NeueHealth during the third quarter worth $463,000. 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.