George Lawrence Mikan III Sells 13,180 Shares of NeueHealth, Inc. (NYSE:NEUE) Stock

NeueHealth, Inc. (NYSE:NEUE) CEO George Lawrence Mikan III sold 13,180 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $6.93, for a total value of $91,337.40. Following the completion of the sale, the chief executive officer now directly owns 297,790 shares in the company, valued at approximately $2,063,684.70. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 value of $11,324.24.
• On Friday, March 7th, George Lawrence Mikan III sold 26,660 shares of NeueHealth stock. The shares were sold at an average price of $7.19, for a total value of $191,685.40.
• On Monday, January 6th, George Lawrence Mikan III sold 31,798 shares of NeueHealth stock. The shares were sold at an average price of $7.33, for a total value of $233,079.34.
• 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 value of $70,236.54.

NeueHealth Price Performance

NYSE NEUE opened at $5.06 on Friday. The company has a market cap of $41.93 million, a PE ratio of -0.10 and a beta of 0.56. The stock’s 50 day simple moving average is $7.26 and its 200-day simple moving average is $6.00. NeueHealth, Inc. has a 1-year low of $3.79 and a 1-year high of $7.66.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On NeueHealth

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp lifted its position in shares of NeueHealth by 66.8% in the fourth quarter. Northern Trust Corp now owns 32,644 shares of the company’s stock valued at $242,000 after acquiring an additional 13,074 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of NeueHealth in the fourth quarter valued at approximately $76,000. Finally, Partners Group Holding AG purchased a new position in shares of NeueHealth in the third quarter valued at approximately $463,000. 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.