NeueHealth (NYSE:NEUE) Shares Up 1.1% – What’s Next?

NeueHealth, Inc. (NYSE:NEUE)’s share price traded up 1.1% on Thursday . The company traded as high as $7.39 and last traded at $7.39. 53,968 shares were traded during trading, an increase of 91% from the average session volume of 28,290 shares. The stock had previously closed at $7.31.

Analyst Ratings Changes

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

NeueHealth Stock Up 1.1 %

The stock has a 50-day moving average price of $6.89 and a 200 day moving average price of $5.79. The firm has a market capitalization of $61.19 million, a price-to-earnings ratio of -0.14 and a beta of 0.58.

Insiders Place Their Bets

In other news, CEO George Lawrence Mikan III sold 16,803 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $4.18, for a total transaction of $70,236.54. Following the sale, the chief executive officer now owns 83,029 shares of the company’s stock, valued at approximately $347,061.22. This trade represents a 16.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jay Matushak sold 4,970 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $7.33, for a total value of $36,430.10. Following 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 disclosure for this sale can be found here. Insiders sold 58,658 shares of company stock worth $377,034 in the last 90 days. Corporate insiders own 64.30% of the company’s stock.

Institutional Trading of NeueHealth

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Partners Group Holding AG acquired a new position in shares of NeueHealth in the 3rd quarter valued at $463,000. Northern Trust Corp lifted its position in 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 during the last quarter. Finally, Virtu Financial LLC acquired a new position in NeueHealth in the fourth quarter valued at $76,000. Institutional investors and hedge funds 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.