NeueHealth (NYSE:NEUE) Trading Down 5.3%

Shares of NeueHealth, Inc. (NYSE:NEUE) traded down 5.3% during mid-day trading on Friday . The company traded as low as $4.90 and last traded at $5.00. 7,014 shares were traded during trading, a decline of 67% from the average session volume of 21,341 shares. The stock had previously closed at $5.28.

NeueHealth Stock Down 5.3 %

The firm has a 50-day simple moving average of $5.34 and a 200-day simple moving average of $6.06. The stock has a market cap of $41.12 million, a PE ratio of -0.04 and a beta of 0.79.

NeueHealth (NYSE:NEUE) last issued its earnings results on Wednesday, August 7th. The company reported ($6.42) EPS for the quarter. NeueHealth had a negative return on equity of 5.90% and a negative net margin of 90.79%. The company had revenue of $225.99 million during the quarter. On average, research analysts expect that NeueHealth, Inc. will post -10.87 earnings per share for the current year.

Institutional Trading of NeueHealth

Institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in shares of NeueHealth in the second quarter worth $312,000. Deer Management Co. LLC bought a new position in NeueHealth in the 2nd quarter worth about $5,436,000. NEA Management Company LLC bought a new position in NeueHealth in the 2nd quarter worth about $14,834,000. Finally, Pathway Capital Management LP purchased a new stake in shares of NeueHealth in the 2nd quarter valued at about $61,000. 63.88% of the stock is currently owned by hedge funds and other institutional investors.

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.