NeueHealth, Inc. (NYSE:NEUE) CFO Sells $36,430.10 in Stock

NeueHealth, Inc. (NYSE:NEUE) CFO Jay Matushak sold 4,970 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $7.33, for a total transaction of $36,430.10. Following the completion of the sale, the chief financial officer now owns 17,747 shares of the company’s stock, valued at approximately $130,085.51. The trade was a 21.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NeueHealth Trading Up 0.7 %

NEUE stock traded up $0.05 during mid-day trading on Wednesday, hitting $7.45. The stock had a trading volume of 38,124 shares, compared to its average volume of 70,685. NeueHealth, Inc. has a 1-year low of $3.79 and a 1-year high of $16.59. The company has a fifty day moving average of $5.47 and a 200 day moving average of $5.38. The stock has a market capitalization of $61.72 million, a price-to-earnings ratio of -0.15 and a beta of 0.57.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada dropped their price target on shares of 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

A number of hedge funds have recently added to or reduced their stakes in NEUE. Renaissance Technologies LLC acquired a new stake in NeueHealth in the second quarter valued at approximately $312,000. Partners Group Holding AG bought a new position in shares of NeueHealth during the 3rd quarter valued at $463,000. Deer Management Co. LLC acquired a new stake in shares of NeueHealth in the 2nd quarter valued at $5,436,000. Finally, NEA Management Company LLC acquired a new stake in shares of NeueHealth in the 2nd quarter valued at $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.