George Lawrence Mikan III Sells 31,798 Shares of NeueHealth, Inc. (NYSE:NEUE) Stock

NeueHealth, Inc. (NYSE:NEUE) CEO George Lawrence Mikan III sold 31,798 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $7.33, for a total transaction of $233,079.34. Following the completion of the transaction, the chief executive officer now owns 146,539 shares in the company, valued at approximately $1,074,130.87. This trade represents a 17.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 transaction of $70,236.54.

NeueHealth Stock Up 0.7 %

Shares of NYSE:NEUE opened at $7.45 on Friday. The firm has a market cap of $61.72 million, a P/E ratio of -0.15 and a beta of 0.57. NeueHealth, Inc. has a 12 month low of $3.79 and a 12 month high of $16.59. The company’s 50-day moving average price is $5.56 and its two-hundred day moving average price is $5.40.

Institutional Trading of NeueHealth

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NEA Management Company LLC acquired a new position in shares of NeueHealth during the second quarter valued at $14,834,000. Deer Management Co. LLC bought a new stake in NeueHealth during the 2nd quarter worth about $5,436,000. Partners Group Holding AG acquired a new position in NeueHealth during the 3rd quarter valued at about $463,000. Finally, Renaissance Technologies LLC bought a new position in shares of NeueHealth in the 2nd quarter valued at about $312,000. Institutional investors and hedge funds own 63.88% of the company’s stock.

Analyst Ratings Changes

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

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.