George Lawrence Mikan III Sells 26,660 Shares of NeueHealth, Inc. (NYSE:NEUE) Stock

NeueHealth, Inc. (NYSE:NEUE) CEO George Lawrence Mikan III sold 26,660 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $7.19, for a total value of $191,685.40. Following the sale, the chief executive officer now directly owns 178,756 shares in the company, valued at approximately $1,285,255.64. The trade was a 12.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, March 10th, George Lawrence Mikan III sold 1,604 shares of NeueHealth stock. The shares were sold at an average price of $7.06, for a total transaction of $11,324.24.
• On Monday, January 6th, George Lawrence Mikan III sold 31,798 shares of NeueHealth stock. The stock was sold at an average price of $7.33, for a total transaction of $233,079.34.
• On Tuesday, December 17th, George Lawrence Mikan III sold 16,803 shares of NeueHealth stock. The stock was sold at an average price of $4.18, for a total value of $70,236.54.

NeueHealth Trading Up 0.3 %

Shares of NEUE traded up $0.02 during mid-day trading on Tuesday, reaching $6.92. The company had a trading volume of 16,513 shares, compared to its average volume of 24,929. NeueHealth, Inc. has a fifty-two week low of $3.79 and a fifty-two week high of $8.32. The firm has a fifty day simple moving average of $7.33 and a 200-day simple moving average of $5.99. The stock has a market cap of $57.33 million, a price-to-earnings ratio of -0.14 and a beta of 0.56.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased their target price on shares of 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 Investors Weigh In On NeueHealth

A number of institutional investors have recently added to or reduced their stakes in NEUE. Partners Group Holding AG purchased a new position in shares of NeueHealth in the 3rd quarter worth about $463,000. Northern Trust Corp increased its position in NeueHealth by 66.8% during the 4th quarter. Northern Trust Corp now owns 32,644 shares of the company’s stock worth $242,000 after purchasing an additional 13,074 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in NeueHealth in the fourth quarter valued at approximately $76,000. 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.