NeueHealth, Inc. (NYSE:NEUE) CAO Sells $10,027.44 in Stock

NeueHealth, Inc. (NYSE:NEUE) CAO Jeffrey J. Scherman sold 1,368 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $7.33, for a total transaction of $10,027.44. Following the completion of the sale, the chief accounting officer now directly owns 5,942 shares in the company, valued at $43,554.86. This trade represents a 18.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NeueHealth Trading Down 1.2 %

NYSE:NEUE opened at $7.33 on Friday. The company has a market cap of $60.73 million, a price-to-earnings ratio of -0.14 and a beta of 0.57. NeueHealth, Inc. has a twelve month low of $3.79 and a twelve month high of $16.59. The stock has a fifty day simple moving average of $5.60 and a 200-day simple moving average of $5.42.

Institutional Investors Weigh In On NeueHealth

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new position in NeueHealth in the 2nd quarter worth about $312,000. NEA Management Company LLC bought a new position in NeueHealth in the second quarter worth approximately $14,834,000. Deer Management Co. LLC purchased a new position in NeueHealth during the 2nd quarter worth $5,436,000. Finally, Partners Group Holding AG purchased a new stake in shares of NeueHealth in the 3rd quarter worth $463,000. Institutional investors own 63.88% of the company’s stock.

Wall Street Analyst Weigh In

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

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.